Short Interest in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Declines By 25.3%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 814,000 shares, a drop of 25.3% from the May 31st total of 1,090,000 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 85,700 shares, the short-interest ratio is currently 9.5 days.

Institutional Investors Weigh In On Aveanna Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in Aveanna Healthcare by 24.6% in 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. Acadian Asset Management LLC grew its holdings in shares of Aveanna Healthcare by 185.6% in the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock worth $72,000 after purchasing an additional 19,096 shares during the last quarter. Vanguard Group Inc. increased its stake in Aveanna Healthcare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock worth $6,402,000 after buying an additional 44,970 shares during the period. King Street Capital Management L.P. increased 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 buying an additional 450,000 shares during the period. Finally, Littlejohn & Co. LLC lifted its holdings in 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 buying an additional 989,260 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Aveanna Healthcare Trading Up 7.8 %

AVAH stock traded up $0.20 during mid-day trading on Friday, reaching $2.76. 1,575,006 shares of the stock traded hands, compared to its average volume of 75,247. Aveanna Healthcare has a one year low of $0.85 and a one year high of $3.07. The business has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.47.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS 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 previous year, the company posted ($0.06) earnings per share. As a group, analysts anticipate that Aveanna Healthcare will post -0.13 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upped their target price 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 analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.80.

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.