Aveanna Healthcare (NASDAQ:AVAH) Insider Patrick Cunningham Sells 12,445 Shares

by · The Cerbat Gem

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH – Get Free Report) insider Patrick Cunningham sold 12,445 shares of Aveanna Healthcare stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $7.85, for a total transaction of $97,693.25. Following the completion of the transaction, the insider directly owned 293,354 shares of the company’s stock, valued at $2,302,828.90. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aveanna Healthcare Stock Performance

Shares of NASDAQ:AVAH traded down $0.09 during trading on Friday, reaching $8.08. 2,526,966 shares of the company’s stock traded hands, compared to its average volume of 1,076,101. The stock has a market capitalization of $1.69 billion, a P/E ratio of 22.44 and a beta of 2.06. Aveanna Healthcare Holdings Inc. has a 12 month low of $3.67 and a 12 month high of $10.32. The company has a 50 day moving average of $8.92 and a 200-day moving average of $7.49. The company has a debt-to-equity ratio of 140.39, a current ratio of 1.23 and a quick ratio of 1.23.

Aveanna Healthcare (NASDAQ:AVAH – Get Free Report) last issued its earnings results on Monday, May 22nd. The company reported $0.04 EPS for the quarter. The company had revenue of $450.53 million during the quarter. Aveanna Healthcare had a negative return on equity of 143.55% and a net margin of 3.29%. On average, equities analysts expect that Aveanna Healthcare Holdings Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

Several institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new position in Aveanna Healthcare in the 1st quarter valued at about $25,000. Quantbot Technologies LP bought a new stake in shares of Aveanna Healthcare during the 2nd quarter worth about $43,000. Lion Street Advisors LLC acquired a new stake in shares of Aveanna Healthcare in the 3rd quarter worth approximately $89,000. Jump Financial LLC bought a new position in shares of Aveanna Healthcare in the first quarter valued at approximately $59,000. Finally, Diversified Trust Co bought a new position in shares of Aveanna Healthcare in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AVAH. William Blair assumed coverage on Aveanna Healthcare in a research report on Monday, December 8th. They issued an “outperform” rating on the stock. Truist Financial boosted their price target on shares of Aveanna Healthcare from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Aveanna Healthcare in a research report on Monday. BMO Capital Markets initiated coverage on shares of Aveanna Healthcare in a research report on Thursday, November 13th. They issued an “outperform” rating and a $11.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised shares of Aveanna Healthcare from an “underweight” rating to a “neutral” rating and boosted their target price for the company 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 assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.69.

View Our Latest Research Report on AVAH

About Aveanna Healthcare

(Get Free Report)

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.

Featured Stories