Almost Family Inc. (AFAM) Downgraded by Zacks Investment Research
According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “
Almost Family (NASDAQ:AFAM) opened at 37.01 on Tuesday. The company has a market capitalization of $375.91 million, a PE ratio of 19.44 and a beta of 0.89. Almost Family has a 52-week low of $34.08 and a 52-week high of $45.17. The company has a 50-day moving average price of $36.63 and a 200 day moving average price of $39.78.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Almost Family had a return on equity of 8.53% and a net margin of 3.29%. The firm earned $156 million during the quarter, compared to analysts’ expectations of $155.19 million. During the same period in the prior year, the firm posted $0.52 earnings per share. Almost Family’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that Almost Family will post $2.45 earnings per share for the current year.
In other Almost Family news, major shareholder North Tide Capital, Llc sold 36,200 shares of Almost Family stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.42, for a total value of $1,463,204.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.10% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Cortina Asset Management LLC bought a new stake in Almost Family during the second quarter valued at approximately $14,642,000. Bank of Montreal Can bought a new stake in Almost Family during the second quarter valued at approximately $4,532,000. Dimensional Fund Advisors LP increased its stake in Almost Family by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 798,365 shares of the company’s stock valued at $34,018,000 after buying an additional 59,151 shares during the last quarter. Chartwell Investment Partners LLC bought a new stake in Almost Family during the second quarter valued at approximately $2,418,000. Finally, Vanguard Group Inc. increased its stake in Almost Family by 15.3% in the second quarter. Vanguard Group Inc. now owns 417,285 shares of the company’s stock valued at $17,781,000 after buying an additional 55,445 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.
About Almost Family
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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