Zacks Investment Research cut shares of Almost Family (NASDAQ:AFAM) from a hold rating to a strong sell rating in a research note released on Tuesday.

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. “

Several other brokerages have also recently weighed in on AFAM. Robert W. Baird set a $55.00 price objective on Almost Family and gave the stock a hold rating in a report on Saturday, October 21st. SunTrust Banks set a $73.00 price objective on Almost Family and gave the stock a hold rating in a report on Friday, November 17th. ValuEngine raised Almost Family from a hold rating to a buy rating in a report on Thursday, November 9th. BidaskClub cut Almost Family from a sell rating to a strong sell rating in a report on Friday, December 29th. Finally, Royal Bank of Canada reissued a buy rating on shares of Almost Family in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average price target of $62.33.

Shares of Almost Family (AFAM) traded down $0.80 during midday trading on Tuesday, reaching $56.50. 249,091 shares of the company traded hands, compared to its average volume of 245,457. The firm has a market cap of $800.20, a P/E ratio of 47.08, a price-to-earnings-growth ratio of 2.29 and a beta of 0.52. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. Almost Family has a 1-year low of $40.15 and a 1-year high of $66.15.

Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $194.30 million for the quarter, compared to the consensus estimate of $199.93 million. Almost Family had a net margin of 1.92% and a return on equity of 2.78%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. research analysts predict that Almost Family will post 2.11 earnings per share for the current year.

In other Almost Family news, Director Jonathan Goldberg sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $60.08, for a total transaction of $600,800.00. Following the completion of the sale, the director now directly owns 44,803 shares of the company’s stock, valued at approximately $2,691,764.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Almost Family by 4.7% in the 2nd quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock valued at $93,979,000 after acquiring an additional 68,221 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Almost Family by 6.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock valued at $56,674,000 after acquiring an additional 66,316 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Almost Family by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock valued at $41,277,000 after acquiring an additional 32,227 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Almost Family by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock valued at $40,997,000 after acquiring an additional 89,827 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Almost Family by 1.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 586,370 shares of the company’s stock valued at $36,150,000 after acquiring an additional 9,706 shares during the last quarter. 84.90% of the stock is owned by institutional investors.

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Almost Family Company Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

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