Aveanna Healthcare (NASDAQ:AVAH) Hits New 12-Month High at $5.54

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.54 and last traded at $5.46, with a volume of 118068 shares trading hands. The stock had previously closed at $5.39.

Wall Street Analyst Weigh In

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

Aveanna Healthcare Trading Up 1.1 %

The firm has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $2.83. The stock has a market cap of $1.05 billion, a PE ratio of -9.17 and a beta of 2.08.

Hedge Funds Weigh In On Aveanna Healthcare

Several institutional investors have recently modified their holdings of the company. King Street Capital Management L.P. lifted its stake in shares of Aveanna Healthcare by 50.6% in the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock valued at $17,152,000 after purchasing an additional 2,150,000 shares during the period. Nut Tree Capital Management LP grew its holdings in 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 valued at $33,159,000 after buying an additional 1,296,045 shares in the last quarter. Littlejohn & Co. LLC boosted its holdings in shares of Aveanna Healthcare by 7.4% in the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock worth $20,859,000 after purchasing an additional 578,488 shares during the period. Renaissance Technologies LLC raised its position in Aveanna Healthcare by 155.8% during the 2nd quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock valued at $438,000 after purchasing an additional 96,600 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Aveanna Healthcare by 176.6% during the 2nd quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock worth $222,000 after buying an additional 51,890 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

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.