Aveanna Healthcare (NASDAQ:AVAH) Sees Unusually-High Trading Volume

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw strong trading volume on Friday . 35,495 shares were traded during trading, a decline of 60% from the previous session’s volume of 88,900 shares.The stock last traded at $2.60 and had previously closed at $2.56.

Wall Street Analysts Forecast Growth

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

Aveanna Healthcare Price Performance

The stock has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $2.47.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $490.65 million for the quarter, compared to the consensus estimate of $485.05 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, equities research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of Aveanna Healthcare

Hedge funds have recently bought and sold shares of the company. Nut Tree Capital Management LP increased its position in Aveanna Healthcare by 11.7% in the fourth quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock worth $33,159,000 after buying an additional 1,296,045 shares in the last quarter. King Street Capital Management L.P. boosted its stake in Aveanna Healthcare by 50.6% during the fourth quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock valued at $17,152,000 after buying an additional 2,150,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in Aveanna Healthcare by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock valued at $64,000 after buying an additional 4,721 shares during the last quarter. Littlejohn & Co. LLC boosted its stake in Aveanna Healthcare by 15.3% during the third quarter. Littlejohn & Co. LLC now owns 7,446,838 shares of the company’s stock valued at $8,862,000 after buying an additional 989,260 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Aveanna Healthcare by 1.8% during the first 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. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Company Profile

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.