Short Interest in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Drops By 13.8%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,250,000 shares, a decline of 13.8% from the December 31st total of 1,450,000 shares. Based on an average trading volume of 245,700 shares, the short-interest ratio is presently 5.1 days. Approximately 2.3% of the shares of the company are short sold.

Aveanna Healthcare Trading Down 1.1 %

Shares of AVAH traded down $0.05 during mid-day trading on Monday, reaching $4.55. 177,295 shares of the stock traded hands, compared to its average volume of 166,423. The company has a market cap of $879.20 million, a price-to-earnings ratio of -13.38 and a beta of 2.24. Aveanna Healthcare has a 1 year low of $2.00 and a 1 year high of $6.19. The firm has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.97.

Aveanna Healthcare (NASDAQ:AVAH) last announced its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $509.02 million during the quarter, compared to the consensus estimate of $495.80 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, sell-side analysts anticipate that Aveanna Healthcare will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Aveanna Healthcare by 15.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company’s stock worth $115,000 after buying an additional 3,407 shares during the last quarter. SG Americas Securities LLC increased its stake in Aveanna Healthcare by 26.0% in the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock valued at $111,000 after acquiring an additional 5,031 shares during the last quarter. Rhumbline Advisers raised its position in Aveanna Healthcare by 11.1% during the fourth quarter. Rhumbline Advisers now owns 72,663 shares of the company’s stock valued at $332,000 after purchasing an additional 7,257 shares in the last quarter. Creative Planning lifted its stake in Aveanna Healthcare by 21.3% during the third quarter. Creative Planning now owns 48,502 shares of the company’s stock worth $252,000 after purchasing an additional 8,502 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Aveanna Healthcare by 0.9% in the 3rd quarter. State Street Corp now owns 1,039,920 shares of the company’s stock worth $5,408,000 after purchasing an additional 9,446 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their price objective on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a report on Monday, January 6th.

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.