NasdaqCM:AHCOHealthcare
Is Insider Buying at AdaptHealth (AHCO) Reframing the Story on Automation, Contracts, and Consolidation?
In recent days, AdaptHealth Corp. disclosed that major shareholder Richard M. Cashin Jr. purchased about 2,046,691 additional shares of the company’s common stock, lifting his reporting group’s stake to 15,864,871 shares in a transaction worth nearly US$20,000,000.
This sizeable insider purchase by a 10% owner comes shortly after AdaptHealth reported a quarterly earnings per share of US$0.76, which fell well short of expectations even as revenue slightly exceeded forecasts, drawing attention...