Russell Investments Group Ltd. Raises Stock Position in Quipt Home Medical Corp. (NASDAQ:QIPT)

Russell Investments Group Ltd. increased its position in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 910,618 shares of the company’s stock after acquiring an additional 113,682 shares during the period. Russell Investments Group Ltd. owned approximately 2.11% of Quipt Home Medical worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Quipt Home Medical by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 512,304 shares of the company’s stock valued at $1,563,000 after purchasing an additional 4,242 shares in the last quarter. Wells Fargo & Company MN boosted its stake 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 buying an additional 5,625 shares during the period. State Street Corp grew its position in Quipt Home Medical by 1.0% during the third quarter. State Street Corp now owns 621,388 shares of the company’s stock worth $1,814,000 after buying an additional 6,317 shares in the last quarter. Jane Street Group LLC increased its stake in Quipt Home Medical by 28.5% in the 3rd quarter. Jane Street Group LLC now owns 41,926 shares of the company’s stock worth $122,000 after acquiring an additional 9,290 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Quipt Home Medical by 68.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,403 shares of the company’s stock valued at $89,000 after acquiring an additional 12,383 shares in the last quarter. 42.85% of the stock is currently owned by hedge funds and other institutional investors.

Quipt Home Medical Stock Down 0.5 %

Shares of NASDAQ QIPT opened at $1.99 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $2.40 and a 200-day moving average of $2.65. The firm has a market capitalization of $85.75 million, a price-to-earnings ratio of -11.71 and a beta of 0.65. Quipt Home Medical Corp. has a 12 month low of $1.86 and a 12 month high of $4.17.

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