Insider Selling: Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) CFO Sells 11,188 Shares of Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) CFO Matthew Buckhalter sold 11,188 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $5.72, for a total transaction of $63,995.36. Following the completion of the transaction, the chief financial officer now owns 490,057 shares in the company, valued at $2,803,126.04. This represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Aveanna Healthcare Stock Performance

AVAH opened at $4.91 on Friday. The stock has a market capitalization of $957.91 million, a PE ratio of -14.44 and a beta of 2.03. The stock’s 50 day moving average price is $5.09 and its 200-day moving average price is $4.92. Aveanna Healthcare Holdings Inc. has a 52-week low of $2.32 and a 52-week high of $6.19.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Aveanna Healthcare by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,699 shares of the company’s stock worth $246,000 after purchasing an additional 2,649 shares during the period. Rhumbline Advisers lifted its holdings in Aveanna Healthcare by 4.0% in the first quarter. Rhumbline Advisers now owns 75,581 shares of the company’s stock worth $410,000 after buying an additional 2,918 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Aveanna Healthcare by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock worth $2,133,000 after buying an additional 4,047 shares during the period. MetLife Investment Management LLC boosted its position in Aveanna Healthcare by 16.2% during the 1st quarter. MetLife Investment Management LLC now owns 31,251 shares of the company’s stock valued at $169,000 after acquiring an additional 4,349 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Aveanna Healthcare by 21.2% during the 1st quarter. AQR Capital Management LLC now owns 26,280 shares of the company’s stock worth $142,000 after acquiring an additional 4,602 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Friday, April 11th. UBS Group upped their price objective on shares of Aveanna Healthcare from $4.50 to $5.00 and gave the company a “sell” rating in a research note on Friday, May 9th.

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.