Almost Family (AFAM) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Almost Family (NASDAQ:AFAM) from a sell rating to a hold rating in a research note published on Thursday.
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. “
AFAM has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a hold rating and issued a $59.00 target price on shares of Almost Family in a research note on Tuesday, February 27th. BidaskClub downgraded Almost Family from a sell rating to a strong sell rating in a research note on Friday, January 26th. Robert W. Baird set a $65.00 target price on Almost Family and gave the stock a hold rating in a research note on Tuesday, November 28th. ValuEngine downgraded Almost Family from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. raised their target price on Almost Family to $59.00 and gave the stock a neutral rating in a research note on Wednesday, November 8th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $61.83.
Almost Family (NASDAQ:AFAM) last issued its earnings results on Monday, February 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Almost Family had a return on equity of 5.88% and a net margin of 2.56%. The business had revenue of $200.62 million during the quarter, compared to the consensus estimate of $203.44 million. During the same period last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. equities research analysts forecast that Almost Family will post 2.81 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Almost Family by 2.4% during the 4th quarter. BlackRock Inc. now owns 1,682,975 shares of the company’s stock worth $93,153,000 after purchasing an additional 39,912 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Almost Family by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock worth $56,674,000 after purchasing an additional 66,316 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Almost Family by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock worth $41,277,000 after purchasing an additional 32,227 shares during the last quarter. Cortina Asset Management LLC increased its position in shares of Almost Family by 1.3% during the 4th quarter. Cortina Asset Management LLC now owns 353,391 shares of the company’s stock worth $19,560,000 after purchasing an additional 4,651 shares during the last quarter. Finally, State Street Corp increased its position in shares of Almost Family by 7.1% during the 2nd quarter. State Street Corp now owns 344,527 shares of the company’s stock worth $21,234,000 after purchasing an additional 22,845 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.
About Almost Family
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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