Aveanna Healthcare (NASDAQ:AVAH) Stock Price Down 6.1% – Here’s Why

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price fell 6.1% during trading on Wednesday . The company traded as low as $4.64 and last traded at $4.62. 29,785 shares were traded during mid-day trading, a decline of 81% from the average session volume of 159,705 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

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

Aveanna Healthcare Price Performance

The firm has a 50-day moving average of $4.77 and a 200 day moving average of $5.01. The company has a market capitalization of $910.11 million, a PE ratio of -13.84 and a beta of 2.24.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AVAH. SG Americas Securities LLC purchased a new stake in Aveanna Healthcare during the third quarter valued at $101,000. Creative Planning lifted its position in shares of Aveanna Healthcare by 21.3% during the 3rd quarter. Creative Planning now owns 48,502 shares of the company’s stock valued at $252,000 after buying an additional 8,502 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aveanna Healthcare during the 3rd quarter worth approximately $817,000. Intech Investment Management LLC bought a new stake in shares of Aveanna Healthcare during the 3rd quarter valued at $69,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Aveanna Healthcare by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,659 shares of the company’s stock valued at $2,406,000 after acquiring an additional 17,522 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.