Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) shares gapped down before the market opened on Friday following insider selling activity. The stock had previously closed at $5.32, but opened at $4.85. Aveanna Healthcare shares last traded at $5.01, with a volume of 46,034 shares trading hands.
Specifically, major shareholder J.H. Whitney Equity Partners V sold 5,580 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $5.63, for a total transaction of $31,415.40. Following the completion of the sale, the insider now directly owns 1,451,598 shares in the company, valued at approximately $8,172,496.74. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. UBS Group raised their target price on Aveanna Healthcare from $3.20 to $4.50 and gave the stock a "sell" rating in a research note on Friday, March 14th. Truist Financial reduced their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a "hold" rating on the stock in a research note on Monday, January 6th.
Get Our Latest Report on Aveanna Healthcare
Aveanna Healthcare Stock Performance
The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -15.34 and a beta of 1.99. The company has a 50 day moving average of $4.78 and a 200 day moving average of $4.95.
Institutional Trading of Aveanna Healthcare
A number of large investors have recently made changes to their positions in AVAH. BNP Paribas Financial Markets acquired a new position in Aveanna Healthcare during the 4th quarter worth approximately $35,000. KLP Kapitalforvaltning AS acquired a new position in shares of Aveanna Healthcare during the fourth quarter worth $35,000. Tower Research Capital LLC TRC increased its holdings in Aveanna Healthcare by 662.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company's stock valued at $36,000 after buying an additional 6,854 shares during the last quarter. Catalyst Funds Management Pty Ltd raised its stake in Aveanna Healthcare by 321.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company's stock valued at $54,000 after buying an additional 9,000 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in Aveanna Healthcare during the 4th quarter worth about $57,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.
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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