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Aveanna Healthcare (NASDAQ:AVAH) Shares Down 8.3% - Time to Sell?

Aveanna Healthcare logo with Medical background
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Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report)'s share price traded down 8.3% during trading on Friday . The stock traded as low as $4.48 and last traded at $4.43. 63,129 shares were traded during trading, a decline of 61% from the average session volume of 163,259 shares. The stock had previously closed at $4.83.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price objective 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.

Get Our Latest Analysis on AVAH

Aveanna Healthcare Trading Up 2.9 %

The stock has a market capitalization of $823.35 million, a P/E ratio of -12.53 and a beta of 2.24. The company has a 50-day moving average price of $4.66 and a 200 day moving average price of $5.05.

Institutional Trading of Aveanna Healthcare

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Aveanna Healthcare by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,699 shares of the company's stock worth $246,000 after acquiring an additional 2,649 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Aveanna Healthcare by 15.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company's stock valued at $115,000 after purchasing an additional 3,407 shares during the period. Charles Schwab Investment Management Inc. grew its position in Aveanna Healthcare by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company's stock worth $2,133,000 after purchasing an additional 4,047 shares during the period. SG Americas Securities LLC grew its holdings in Aveanna Healthcare by 26.0% during the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company's stock worth $111,000 after acquiring an additional 5,031 shares during the period. Finally, Intech Investment Management LLC increased its holdings in shares of Aveanna Healthcare by 42.0% during the 4th quarter. Intech Investment Management LLC now owns 18,813 shares of the company's stock valued at $86,000 after purchasing an additional 5,566 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

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About Aveanna Healthcare

(Get Free Report)

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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