Aveanna Healthcare (NASDAQ:AVAH) Stock Price Up 4.8%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price was up 4.8% during mid-day trading on Tuesday . The stock traded as high as $2.60 and last traded at $2.60. Approximately 7,514 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 100,688 shares. The stock had previously closed at $2.48.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Aveanna Healthcare from $2.00 to $3.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1.80.

Aveanna Healthcare Trading Up 3.1 %

The company has a market cap of $509.81 million, a PE ratio of -4.42 and a beta of 2.07. The company’s 50 day moving average is $2.55 and its 200 day moving average is $2.48.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $490.65 million during the quarter, compared to analysts’ expectations of $485.05 million. During the same period in the prior year, the business earned ($0.06) EPS. Analysts expect that Aveanna Healthcare Holdings Inc. will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Nut Tree Capital Management LP increased its position in Aveanna Healthcare by 11.7% during the 4th quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock valued at $33,159,000 after purchasing an additional 1,296,045 shares during the period. Littlejohn & Co. LLC increased its position in Aveanna Healthcare by 7.4% during the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock valued at $20,859,000 after purchasing an additional 578,488 shares during the period. King Street Capital Management L.P. increased its position in Aveanna Healthcare by 50.6% during the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock valued at $17,152,000 after purchasing an additional 2,150,000 shares during the period. Vanguard Group Inc. increased its position in Aveanna Healthcare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after purchasing an additional 44,970 shares during the period. Finally, Acadian Asset Management LLC increased its position in Aveanna Healthcare by 185.6% during the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after purchasing an additional 19,096 shares during the period. Hedge funds and other institutional investors 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.