Edwin Reisz Sells 17,613 Shares of Aveanna Healthcare (NASDAQ:AVAH) Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) insider Edwin Reisz sold 17,613 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $7.85, for a total transaction of $138,262.05. Following the sale, the insider owned 1,321,114 shares of the company’s stock, valued at $10,370,744.90. This represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aveanna Healthcare Stock Down 1.1%

Shares of NASDAQ AVAH traded down $0.09 during mid-day trading on Friday, reaching $8.08. The company had a trading volume of 2,526,966 shares, compared to its average volume of 1,076,101. The firm has a 50 day simple moving average of $8.92 and a two-hundred day simple moving average of $7.49. Aveanna Healthcare Holdings Inc. has a 52-week low of $3.67 and a 52-week high of $10.32. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 140.39. The stock has a market cap of $1.69 billion, a P/E ratio of 22.44 and a beta of 2.06.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings results on Monday, May 22nd. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $450.53 million during the quarter. Aveanna Healthcare had a net margin of 3.29% and a negative return on equity of 143.55%. Sell-side analysts predict that Aveanna Healthcare Holdings Inc. will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

Several large investors have recently modified their holdings of AVAH. Summit Partners L P acquired a new stake in shares of Aveanna Healthcare during the second quarter worth $50,477,000. Assenagon Asset Management S.A. purchased a new position in Aveanna Healthcare during the 3rd quarter worth $7,356,000. Strs Ohio acquired a new stake in shares of Aveanna Healthcare in the 1st quarter worth $218,000. Diversified Trust Co purchased a new stake in shares of Aveanna Healthcare in the second quarter valued at about $57,000. Finally, Squarepoint Ops LLC increased its stake in shares of Aveanna Healthcare by 207.0% during the second quarter. Squarepoint Ops LLC now owns 479,977 shares of the company’s stock worth $2,510,000 after acquiring an additional 323,656 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial raised their price target on Aveanna Healthcare from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Raymond James Financial reissued an “outperform” rating and issued a $13.00 price objective on shares of Aveanna Healthcare in a report on Friday, December 5th. Jefferies Financial Group lifted their target price on shares of Aveanna Healthcare from $11.00 to $12.50 and gave the company a “buy” rating in a report on Tuesday, October 28th. UBS Group upped their price target on shares of Aveanna Healthcare from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. upgraded shares of Aveanna Healthcare from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $6.00 to $10.00 in a research note on Thursday, September 18th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.69.

Aveanna Healthcare Company Profile

Aveanna Healthcare, Inc (NASDAQ: AVAH) is a national provider of in-home health care services, specializing in pediatric skilled nursing, therapy, and related support for medically complex and chronically ill children. The company delivers a range of clinical and therapeutic solutions designed to enable patients to receive care in the comfort of their own homes, reducing the need for hospital stays and long-term institutional care. Aveanna’s offerings include registered nursing, physical, occupational and speech therapy, behavioral health counseling, and durable medical equipment coordination.

In addition to pediatric home health services, Aveanna operates adult home health and personal care support programs, assisting elderly and disabled adults with daily living activities, medication management, and rehabilitation therapies.