Franklin Resources Inc. Has $150,000 Holdings in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Franklin Resources Inc. decreased its stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 86.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,793 shares of the company's stock after selling 203,072 shares during the quarter. Franklin Resources Inc.'s holdings in Aveanna Healthcare were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVAH. KLP Kapitalforvaltning AS acquired a new position in shares of Aveanna Healthcare during the fourth quarter worth about $35,000. Catalyst Funds Management Pty Ltd boosted its position in Aveanna Healthcare by 321.4% during the 4th 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. Arizona State Retirement System bought a new position in shares of Aveanna Healthcare during the 4th quarter worth approximately $64,000. EntryPoint Capital LLC bought a new stake in shares of Aveanna Healthcare in the fourth quarter worth $68,000. Finally, Legato Capital Management LLC acquired a new position in Aveanna Healthcare during the fourth quarter worth $83,000. Institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

AVAH has been the topic of a number of recent research reports. UBS Group lifted their target price on Aveanna Healthcare from $3.20 to $4.50 and gave the company a "sell" rating in a research report on Friday, March 14th. Truist Financial cut their price objective on Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating for the company in a report on Friday, April 11th.

Insiders Place Their Bets

In other news, major shareholder J.H. Whitney Equity Partners V sold 5,580 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 owns 1,451,598 shares in the company, valued at $8,172,496.74. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 67,412 shares of company stock worth $372,142 over the last three months. Insiders own 7.80% of the company's stock.

Aveanna Healthcare Stock Up 2.3 %

Shares of AVAH traded up $0.10 during trading hours on Wednesday, hitting $4.47. The company had a trading volume of 82,380 shares, compared to its average volume of 256,450. The firm has a market cap of $872.07 million, a price-to-earnings ratio of -13.16 and a beta of 1.99. The business has a fifty day moving average of $4.75 and a 200-day moving average of $4.91. Aveanna Healthcare Holdings Inc. has a 12 month low of $2.15 and a 12 month high of $6.19.

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.