Insider Selling: Aveanna Healthcare (NASDAQ:AVAH) Insider Sells 18,436 Shares of Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) insider Patrick Cunningham sold 18,436 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $7.21, for a total value of $132,923.56. Following the completion of the transaction, the insider owned 337,755 shares in the company, valued at $2,435,213.55. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Aveanna Healthcare Trading Up 0.3%

AVAH stock traded up $0.02 during midday trading on Thursday, hitting $7.42. 3,877,110 shares of the company’s stock were exchanged, compared to its average volume of 938,081. Aveanna Healthcare Holdings Inc. has a 1-year low of $3.67 and a 1-year 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 capitalization of $1.55 billion, a PE ratio of 20.61 and a beta of 2.06. The business has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $8.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVAH. Teacher Retirement System of Texas lifted its holdings in Aveanna Healthcare by 232.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 224,375 shares of the company’s stock worth $1,990,000 after buying an additional 156,947 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Aveanna Healthcare in the third quarter worth $7,356,000. Squarepoint Ops LLC increased its position 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. AustralianSuper Pty Ltd acquired a new stake in shares of Aveanna Healthcare in the third quarter valued at $15,743,000. Finally, Integrated Quantitative Investments LLC purchased a new position in Aveanna Healthcare in the second quarter valued at $167,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVAH. Royal Bank Of Canada boosted their price objective on shares of Aveanna Healthcare from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, January 15th. Zacks Research cut shares of Aveanna Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Raymond James Financial restated an “outperform” rating and issued a $13.00 price objective on shares of Aveanna Healthcare in a report on Friday, December 5th. Truist Financial increased their price objective on shares of Aveanna Healthcare from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, William Blair began coverage on Aveanna Healthcare in a research report on Monday, December 8th. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.06.

About Aveanna Healthcare

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.