Aveanna Healthcare (NASDAQ:AVAH) Stock Price Down 6.1% - What's Next?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report)'s stock price traded down 6.1% during trading on Wednesday . The company traded as low as $4.64 and last traded at $4.62. 29,785 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 159,705 shares. The stock had previously closed at $4.92.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price target on Aveanna Healthcare from $6.00 to $5.25 and set a "hold" rating on the stock in a report on Monday, January 6th.

Aveanna Healthcare Price Performance

The firm has a fifty day simple moving average of $4.73 and a 200 day simple moving average of $5.02. The company has a market cap of $888.86 million, a price-to-earnings ratio of -13.53 and a beta of 2.24.

Hedge Funds Weigh In On Aveanna Healthcare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in Aveanna Healthcare during the fourth quarter valued at approximately $35,000. Tower Research Capital LLC TRC grew its stake in shares of Aveanna Healthcare by 662.2% in the fourth 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 during the last quarter. Catalyst Funds Management Pty Ltd grew its stake in shares of Aveanna Healthcare by 321.4% in the fourth 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 last quarter. Sagespring Wealth Partners LLC acquired a new stake in shares of Aveanna Healthcare in the fourth quarter worth $57,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Aveanna Healthcare in the third quarter worth $69,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Aveanna Healthcare Company Profile

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.