Charles Schwab Investment Management Inc. Increases Stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Charles Schwab Investment Management Inc. lifted its stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 462,659 shares of the company’s stock after purchasing an additional 17,522 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Aveanna Healthcare were worth $2,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Creative Planning raised its position in shares of Aveanna Healthcare by 21.3% in the 3rd quarter. Creative Planning now owns 48,502 shares of the company’s stock valued at $252,000 after purchasing an additional 8,502 shares during the last quarter. Bank of New York Mellon Corp raised its position in Aveanna Healthcare by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock worth $413,000 after buying an additional 9,243 shares during the last quarter. Mackenzie Financial Corp raised its position in Aveanna Healthcare by 35.9% during the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock worth $126,000 after buying an additional 12,075 shares during the last quarter. Intech Investment Management LLC purchased a new position in Aveanna Healthcare during the 3rd quarter worth approximately $69,000. Finally, SG Americas Securities LLC purchased a new position in Aveanna Healthcare during the 3rd quarter worth approximately $101,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Aveanna Healthcare Price Performance

Shares of NASDAQ AVAH opened at $5.03 on Monday. The stock has a market capitalization of $971.92 million, a price-to-earnings ratio of -14.79 and a beta of 2.20. Aveanna Healthcare Holdings Inc. has a 12 month low of $2.00 and a 12 month high of $6.19. The firm’s 50 day simple moving average is $5.28 and its 200-day simple moving average is $4.48.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $509.02 million for the quarter, compared to analyst estimates of $495.80 million. During the same period in the previous year, the business earned ($0.05) EPS. Analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.08 earnings per share for the current fiscal year.

Aveanna Healthcare 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.