Aveanna Healthcare (NASDAQ:AVAH) Shares Up 8.2% - What's Next?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) shares shot up 8.2% during trading on Tuesday . The stock traded as high as $4.90 and last traded at $4.98. 68,027 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 158,334 shares. The stock had previously closed at $4.60.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price 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.

Aveanna Healthcare Trading Down 12.3 %

The company's 50-day moving average is $4.68 and its two-hundred day moving average is $5.03. The firm has a market cap of $818.33 million, a P/E ratio of -12.46 and a beta of 2.24.

Hedge Funds Weigh In On Aveanna Healthcare

Several hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC bought a new stake in shares of Aveanna Healthcare in the 4th quarter worth approximately $1,992,000. Jacobs Levy Equity Management Inc. grew its position in shares of Aveanna Healthcare by 297.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 355,340 shares of the company's stock valued at $1,848,000 after purchasing an additional 265,969 shares in the last quarter. Millennium Management LLC grew its position in shares of Aveanna Healthcare by 105.0% during the 4th quarter. Millennium Management LLC now owns 400,374 shares of the company's stock valued at $1,830,000 after purchasing an additional 205,023 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Aveanna Healthcare during the 3rd quarter valued at $817,000. Finally, Swiss National Bank purchased a new position in Aveanna Healthcare in the fourth quarter worth $434,000. Institutional investors own 87.96% of the company's stock.

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.