Edwin Reisz Sells 42,057 Shares of Aveanna Healthcare (NASDAQ:AVAH) Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) insider Edwin Reisz sold 42,057 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $7.65, for a total value of $321,736.05. Following the completion of the transaction, the insider directly owned 1,567,043 shares of the company’s stock, valued at $11,987,878.95. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Aveanna Healthcare Stock Performance

Shares of NASDAQ AVAH traded up $0.02 during midday trading on Thursday, reaching $7.42. 3,877,110 shares of the stock were exchanged, compared to its average volume of 938,081. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 140.39. The firm has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $8.44. Aveanna Healthcare Holdings Inc. has a twelve month low of $3.67 and a twelve month high of $10.32. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 20.61 and a beta of 2.06.

Institutional Investors Weigh In On Aveanna Healthcare

Several large investors have recently bought and sold shares of AVAH. AustralianSuper Pty Ltd acquired a new position in shares of Aveanna Healthcare during the third quarter valued at approximately $15,743,000. Vanguard Group Inc. boosted its stake in shares of Aveanna Healthcare by 38.0% in the fourth quarter. Vanguard Group Inc. now owns 5,577,010 shares of the company’s stock worth $45,564,000 after acquiring an additional 1,535,351 shares during the last quarter. Millennium Management LLC increased its position in shares of Aveanna Healthcare by 1,007.1% during the fourth quarter. Millennium Management LLC now owns 1,114,717 shares of the company’s stock worth $9,107,000 after purchasing an additional 1,014,030 shares in the last quarter. Nuveen LLC raised its stake in Aveanna Healthcare by 135.9% in the 4th quarter. Nuveen LLC now owns 1,571,308 shares of the company’s stock valued at $12,838,000 after purchasing an additional 905,316 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Aveanna Healthcare in the 3rd quarter valued at $7,922,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Aveanna Healthcare from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. BMO Capital Markets assumed coverage on Aveanna Healthcare in a report on Thursday, November 13th. They issued an “outperform” rating and a $11.00 price target for the company. Zacks Research lowered Aveanna Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Aveanna Healthcare in a research report on Monday, December 29th. Finally, Royal Bank Of Canada increased their target price on Aveanna Healthcare from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.06.

Aveanna Healthcare Company Profile

Aveanna Healthcare, Inc (NASDAQ: AVAH) is a national provider of in-home health care services, specializing in pediatric skilled nursing, therapy, and related support for medically complex and chronically ill children. The company delivers a range of clinical and therapeutic solutions designed to enable patients to receive care in the comfort of their own homes, reducing the need for hospital stays and long-term institutional care. Aveanna’s offerings include registered nursing, physical, occupational and speech therapy, behavioral health counseling, and durable medical equipment coordination.

In addition to pediatric home health services, Aveanna operates adult home health and personal care support programs, assisting elderly and disabled adults with daily living activities, medication management, and rehabilitation therapies.