Aveanna Healthcare (NASDAQ:AVAH) Sees Large Volume Increase

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw an uptick in trading volume on Tuesday . 209,000 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 159,930 shares.The stock last traded at $5.26 and had previously closed at $5.48.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVAH. Royal Bank of Canada lifted their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. UBS Group upped their target price on Aveanna Healthcare from $1.70 to $2.80 and gave the company a “sell” rating in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

Aveanna Healthcare Price Performance

The company has a 50 day moving average of $4.40 and a 200 day moving average of $3.15. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -8.72 and a beta of 2.13.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $504.96 million during the quarter, compared to the consensus estimate of $494.02 million. As a group, equities research analysts expect that Aveanna Healthcare Holdings Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Aveanna Healthcare

A number of hedge funds have recently modified their holdings of the business. Nut Tree Capital Management LP lifted its holdings in shares of 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 valued at $33,159,000 after purchasing an additional 1,296,045 shares in the last quarter. Littlejohn & Co. LLC lifted its holdings in shares of Aveanna Healthcare by 7.4% in the first quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock valued at $20,859,000 after purchasing an additional 578,488 shares in the last quarter. King Street Capital Management L.P. raised its holdings in shares of 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 worth $17,152,000 after acquiring an additional 2,150,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Aveanna Healthcare by 1.8% during the first 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 in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Aveanna Healthcare by 155.8% during the second quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock worth $438,000 after acquiring an additional 96,600 shares in 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.