Aveanna Healthcare (NASDAQ:AVAH) Hits New 12-Month High at $5.11

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) reached a new 52-week high during trading on Friday . The stock traded as high as $5.11 and last traded at $5.10, with a volume of 54869 shares trading hands. The stock had previously closed at $5.00.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada upped their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, UBS Group upped their price objective on Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a research note on Friday, August 9th.

Aveanna Healthcare Stock Performance

The firm has a market capitalization of $979.21 million, a price-to-earnings ratio of -8.33 and a beta of 2.08. The business has a fifty day moving average of $3.32 and a two-hundred day moving average of $2.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVAH. 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 worth $64,000 after acquiring an additional 4,721 shares during the last quarter. King Street Capital Management L.P. increased its holdings in shares of Aveanna Healthcare by 50.6% during the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock worth $17,152,000 after acquiring an additional 2,150,000 shares during the last quarter. Nut Tree Capital Management LP increased its holdings in shares of Aveanna Healthcare by 11.7% during the 4th 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 during the last quarter. Littlejohn & Co. LLC increased its holdings in shares of Aveanna Healthcare by 7.4% during the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock worth $20,859,000 after acquiring an additional 578,488 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Aveanna Healthcare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock worth $6,402,000 after acquiring an additional 44,970 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

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.