Aveanna Healthcare (NASDAQ:AVAH) Sets New 52-Week High at $3.00

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $3.00 and last traded at $2.99, with a volume of 34541 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

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

Aveanna Healthcare Stock Performance

The stock has a 50 day moving average of $2.44 and a 200 day moving average of $2.40.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $490.65 million during the quarter, compared to the consensus estimate of $485.05 million. During the same period in the previous year, the company posted ($0.06) EPS. On average, analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AVAH. King Street Capital Management L.P. lifted its stake in Aveanna Healthcare by 11.8% in the 3rd quarter. King Street Capital Management L.P. now owns 4,250,000 shares of the company’s stock worth $5,058,000 after acquiring an additional 450,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Aveanna Healthcare by 24.6% during the 4th quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock valued at $64,000 after acquiring an additional 4,721 shares during the last quarter. Littlejohn & Co. LLC increased its holdings in shares of Aveanna Healthcare by 15.3% during the 3rd quarter. Littlejohn & Co. LLC now owns 7,446,838 shares of the company’s stock valued at $8,862,000 after acquiring an additional 989,260 shares during the last quarter. Vanguard Group Inc. grew its holdings in Aveanna Healthcare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after buying an additional 44,970 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Aveanna Healthcare by 185.6% in the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after buying an additional 19,096 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

About Aveanna Healthcare

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.