Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of Aveanna Healthcare stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the completion of the transaction, the insider now directly owns 1,453,948 shares in the company, valued at $8,011,253.48. This represents a 4.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Aveanna Healthcare Trading Up 5.5 %
Shares of AVAH traded up $0.29 during midday trading on Monday, hitting $5.58. The stock had a trading volume of 283,451 shares, compared to its average volume of 239,742. The business has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $4.95. The firm has a market cap of $1.09 billion, a P/E ratio of -16.41 and a beta of 2.25. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $6.19.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AVAH. UBS Group raised their target price on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a "sell" rating in a report on Friday, March 14th. Truist Financial reduced their price objective on Aveanna Healthcare from $6.00 to $5.25 and set a "hold" rating for the company in a research note on Monday, January 6th.
Get Our Latest Research Report on AVAH
Hedge Funds Weigh In On Aveanna Healthcare
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Aveanna Healthcare in the fourth quarter valued at $35,000. BNP Paribas Financial Markets purchased a new stake in Aveanna Healthcare in the 4th quarter worth about $35,000. Tower Research Capital LLC TRC lifted its stake in Aveanna Healthcare by 662.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company's stock worth $36,000 after acquiring an additional 6,854 shares in the last quarter. Catalyst Funds Management Pty Ltd boosted its position in Aveanna Healthcare by 321.4% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company's stock worth $54,000 after acquiring an additional 9,000 shares during the period. Finally, Sagespring Wealth Partners LLC purchased a new position in Aveanna Healthcare during the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 87.96% of the company's stock.
Aveanna Healthcare Company Profile
(
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Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.
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