Aveanna Healthcare (NASDAQ:AVAH) Trading Up 4.1%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shot up 4.1% during trading on Wednesday . The stock traded as high as $3.84 and last traded at $3.83. 129,342 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 107,223 shares. The stock had previously closed at $3.68.

Aveanna Healthcare Stock Performance

The stock has a market cap of $661.79 million, a price-to-earnings ratio of -5.85 and a beta of 2.07. The business has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $2.51.

Aveanna Healthcare (NASDAQ:AVAH) last announced its earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $490.65 million for the quarter, compared to analyst estimates of $485.05 million. During the same quarter in the previous year, the company posted ($0.06) EPS. On average, analysts expect that Aveanna Healthcare Holdings Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Aveanna Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in Aveanna Healthcare by 24.6% in the fourth quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock valued at $64,000 after purchasing an additional 4,721 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of 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. Vanguard Group Inc. grew its stake in shares of Aveanna Healthcare by 1.8% in 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 in the last quarter. Littlejohn & Co. LLC increased its holdings in Aveanna Healthcare by 7.4% during the first quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock worth $20,859,000 after buying an additional 578,488 shares during the last quarter. Finally, Nut Tree Capital Management LP raised its position in Aveanna Healthcare by 11.7% during the fourth quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock worth $33,159,000 after acquiring an additional 1,296,045 shares in the last quarter. Institutional investors and hedge funds 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.