First Manhattan CO. LLC. Purchases 50,000 Shares of Quipt Home Medical Corp. (NASDAQ:QIPT)

First Manhattan CO. LLC. grew its position in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,650,000 shares of the company’s stock after buying an additional 50,000 shares during the quarter. First Manhattan CO. LLC.’s holdings in Quipt Home Medical were worth $5,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Quipt Home Medical by 30.9% during the fourth quarter. Wells Fargo & Company MN now owns 23,851 shares of the company’s stock valued at $73,000 after purchasing an additional 5,625 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Quipt Home Medical by 83.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 27,435 shares of the company’s stock valued at $76,000 after buying an additional 12,479 shares in the last quarter. XTX Topco Ltd grew its position in Quipt Home Medical by 54.3% in the fourth quarter. XTX Topco Ltd now owns 28,452 shares of the company’s stock worth $87,000 after acquiring an additional 10,015 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Quipt Home Medical by 68.7% during the third quarter. JPMorgan Chase & Co. now owns 30,403 shares of the company’s stock worth $89,000 after acquiring an additional 12,383 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Quipt Home Medical during the fourth quarter valued at approximately $104,000. 42.85% of the stock is owned by hedge funds and other institutional investors.

Quipt Home Medical Stock Up 1.4 %

NASDAQ QIPT opened at $2.17 on Friday. Quipt Home Medical Corp. has a 52 week low of $1.86 and a 52 week high of $4.17. The firm has a market capitalization of $93.51 million, a price-to-earnings ratio of -12.76 and a beta of 0.65. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $2.21 and a two-hundred day moving average of $2.58.

Quipt Home Medical (NASDAQ:QIPT) last announced its quarterly earnings data on Monday, February 10th. The company reported ($0.03) earnings per share (EPS) for the quarter. Quipt Home Medical had a negative return on equity of 6.70% and a negative net margin of 2.90%. On average, analysts predict that Quipt Home Medical Corp. will post -0.05 earnings per share for the current year.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.