Aveanna Healthcare (NASDAQ:AVAH) Stock Price Down 6% Following Insider Selling

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report)'s share price traded down 6% during trading on Friday following insider selling activity. The stock traded as low as $5.09 and last traded at $5.14. 215,932 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 236,904 shares. The stock had previously closed at $5.46.

Specifically, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of Aveanna Healthcare stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the sale, the insider now directly owns 1,453,948 shares in the company, valued at $8,011,253.48. The trade was a 4.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a "sell" rating in a report on Friday, March 14th. 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 report on Monday, January 6th.

Aveanna Healthcare Trading Down 1.4 %

The firm has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.95. The company has a market cap of $1.07 billion, a PE ratio of -16.18 and a beta of 2.25.

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Institutional Trading of Aveanna Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew 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 buying an additional 63,190 shares in the last quarter. State Street Corp boosted its holdings in shares of Aveanna Healthcare by 0.9% in the third quarter. State Street Corp now owns 1,039,920 shares of the company's stock worth $5,408,000 after acquiring an additional 9,446 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Aveanna Healthcare by 50.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company's stock valued at $2,437,000 after purchasing an additional 177,856 shares in the last quarter. Northern Trust Corp raised its stake in shares of Aveanna Healthcare by 11.3% during the 4th quarter. Northern Trust Corp now owns 478,907 shares of the company's stock valued at $2,189,000 after purchasing an additional 48,572 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 in the last quarter. 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.