Almost Family (AFAM) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Almost Family (NASDAQ:AFAM) from a hold rating to a strong sell rating in a research report report published on Tuesday morning.

According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “

Several other research firms have also weighed in on AFAM. Robert W. Baird set a $55.00 target price on Almost Family and gave the company a hold rating in a report on Saturday, October 21st. SunTrust Banks set a $73.00 target price on Almost Family and gave the company a hold rating in a report on Friday, November 17th. ValuEngine upgraded Almost Family from a hold rating to a buy rating in a research note on Thursday, November 9th. BidaskClub lowered Almost Family from a sell rating to a strong sell rating in a research note on Friday, December 29th. Finally, Royal Bank of Canada reiterated a buy rating on shares of Almost Family in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $62.33.

Almost Family (NASDAQ:AFAM) traded up $2.15 during midday trading on Tuesday, reaching $58.65. The company’s stock had a trading volume of 282,100 shares, compared to its average volume of 250,038. Almost Family has a one year low of $40.15 and a one year high of $66.15. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $800.20, a price-to-earnings ratio of 48.88, a P/E/G ratio of 2.29 and a beta of 0.52.

Almost Family (NASDAQ:AFAM) last posted its earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Almost Family had a return on equity of 2.78% and a net margin of 1.92%. The company had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. During the same period last year, the company earned $0.66 earnings per share. The business’s revenue was up 21.1% compared to the same quarter last year. analysts forecast that Almost Family will post 2.11 earnings per share for the current fiscal year.

In other news, Director Jonathan Goldberg sold 10,000 shares of Almost Family stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $60.08, for a total value of $600,800.00. Following the transaction, the director now directly owns 44,803 shares in the company, valued at $2,691,764.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Sei Investments Co. grew its position in Almost Family by 1,261.0% during the third quarter. Sei Investments Co. now owns 1,361 shares of the company’s stock worth $110,000 after buying an additional 1,261 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Almost Family during the third quarter worth about $148,000. Victory Capital Management Inc. grew its position in Almost Family by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the company’s stock worth $237,000 after buying an additional 578 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Almost Family by 47.1% during the second quarter. BNP Paribas Arbitrage SA now owns 4,299 shares of the company’s stock worth $265,000 after buying an additional 1,376 shares in the last quarter. Finally, Numeric Investors LLC acquired a new stake in Almost Family during the second quarter worth about $333,000. Institutional investors and hedge funds own 84.90% of the company’s stock.

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Almost Family Company Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

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