Short Interest in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Decreases By 13.8%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,250,000 shares, a decrease of 13.8% from the December 31st total of 1,450,000 shares. Based on an average daily volume of 245,700 shares, the short-interest ratio is presently 5.1 days. Currently, 2.3% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on shares of Aveanna Healthcare from $6.00 to $5.25 and set a "hold" rating for the company in a research note on Monday, January 6th.

Hedge Funds Weigh In On Aveanna Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Aveanna Healthcare by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,401,016 shares of the company's stock valued at $7,287,000 after purchasing an additional 63,190 shares during the last quarter. State Street Corp raised its stake in shares of Aveanna Healthcare by 0.9% during the third quarter. State Street Corp now owns 1,039,920 shares of the company's stock valued at $5,408,000 after acquiring an additional 9,446 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Aveanna Healthcare by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,659 shares of the company's stock valued at $2,406,000 after acquiring an additional 17,522 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Aveanna Healthcare by 297.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 355,340 shares of the company's stock valued at $1,848,000 after acquiring an additional 265,969 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Aveanna Healthcare by 155.8% during the second quarter. Renaissance Technologies LLC now owns 158,600 shares of the company's stock valued at $438,000 after acquiring an additional 96,600 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Aveanna Healthcare Stock Performance

AVAH traded up $0.18 on Wednesday, reaching $4.94. The company had a trading volume of 68,734 shares, compared to its average volume of 165,958. The company's fifty day moving average is $4.86 and its 200 day moving average is $4.99. Aveanna Healthcare has a fifty-two week low of $2.00 and a fifty-two week high of $6.19. The stock has a market cap of $954.56 million, a P/E ratio of -14.45 and a beta of 2.24.

Aveanna Healthcare (NASDAQ:AVAH - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm had revenue of $509.02 million for the quarter, compared to analyst estimates of $495.80 million. During the same quarter in the prior year, the business posted ($0.05) EPS. On average, sell-side analysts expect that Aveanna Healthcare will post -0.06 EPS for the current year.

About Aveanna Healthcare

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.