Aveanna Healthcare (NASDAQ:AVAH) Insider Sells $948,750.00 in Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) insider Patrick Cunningham sold 125,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $7.59, for a total transaction of $948,750.00. Following the transaction, the insider directly owned 212,755 shares of the company’s stock, valued at approximately $1,614,810.45. This trade represents a 37.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Aveanna Healthcare Trading Down 0.1%

Shares of NASDAQ:AVAH traded down $0.01 during midday trading on Thursday, hitting $7.67. 1,003,505 shares of the stock traded hands, compared to its average volume of 1,313,309. The business’s 50 day moving average is $6.74 and its two-hundred day moving average is $7.87. The stock has a market capitalization of $1.67 billion, a PE ratio of 6.50, a P/E/G ratio of 0.91 and a beta of 1.93. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 5.35. Aveanna Healthcare Holdings Inc. has a one year low of $3.73 and a one year high of $10.32.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $647.92 million during the quarter, compared to analyst estimates of $613.22 million. Aveanna Healthcare had a return on equity of 124.68% and a net margin of 10.37%.The business’s revenue was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that Aveanna Healthcare Holdings Inc. will post 0.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AVAH. Teacher Retirement System of Texas grew its position in Aveanna Healthcare by 232.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 224,375 shares of the company’s stock worth $1,990,000 after purchasing an additional 156,947 shares during the period. AustralianSuper Pty Ltd bought a new stake in shares of Aveanna Healthcare in the third quarter worth $15,743,000. Hillsdale Investment Management Inc. bought a new stake in shares of Aveanna Healthcare in the third quarter worth $7,922,000. Vanguard Group Inc. grew its holdings in shares of Aveanna Healthcare by 38.0% in the fourth quarter. Vanguard Group Inc. now owns 5,577,010 shares of the company’s stock worth $45,564,000 after acquiring an additional 1,535,351 shares during the period. Finally, Algert Global LLC increased its position in Aveanna Healthcare by 120.1% during the third quarter. Algert Global LLC now owns 1,022,599 shares of the company’s stock valued at $9,070,000 after acquiring an additional 557,898 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AVAH shares. Raymond James Financial upgraded shares of Aveanna Healthcare from an “outperform” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Friday, March 20th. Truist Financial lifted their price target on shares of Aveanna Healthcare from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday. Weiss Ratings downgraded shares of Aveanna Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Royal Bank Of Canada increased their price target on shares of Aveanna Healthcare from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Finally, BMO Capital Markets decreased their price target on shares of Aveanna Healthcare from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.50.

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.