J.H. Whitney Equity Partners V Sells 750,000 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder J.H. Whitney Equity Partners V sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $5.20, for a total transaction of $3,900,000.00. Following the sale, the insider now owns 28,890,756 shares of the company’s stock, valued at $150,231,931.20. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

J.H. Whitney Equity Partners V also recently made the following trade(s):

• On Monday, May 19th, J.H. Whitney Equity Partners V sold 1,560,700 shares of Aveanna Healthcare stock. The stock was sold at an average price of $5.36, for a total value of $8,365,352.00.
• On Monday, May 12th, J.H. Whitney Equity Partners V sold 47,039 shares of Aveanna Healthcare stock. The shares were sold at an average price of $5.72, for a total value of $269,063.08.
• On Tuesday, April 1st, J.H. Whitney Equity Partners V sold 5,580 shares of Aveanna Healthcare stock. The stock was sold at an average price of $5.63, for a total value of $31,415.40.
• On Monday, March 24th, J.H. Whitney Equity Partners V sold 268 shares of Aveanna Healthcare stock. The stock was sold at an average price of $5.63, for a total value of $1,508.84.
• On Tuesday, March 18th, J.H. Whitney Equity Partners V sold 61,564 shares of Aveanna Healthcare stock. The shares were sold at an average price of $5.51, for a total transaction of $339,217.64.

Aveanna Healthcare Price Performance

NASDAQ AVAH opened at $4.91 on Friday. The company has a market cap of $957.91 million, a P/E ratio of -14.44 and a beta of 2.03. The stock has a 50-day moving average of $5.09 and a two-hundred day moving average of $4.92. Aveanna Healthcare Holdings Inc. has a 1-year low of $2.32 and a 1-year high of $6.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC purchased a new stake in Aveanna Healthcare during the 4th quarter worth approximately $1,992,000. Nuveen LLC purchased a new stake in shares of Aveanna Healthcare during the first quarter worth $1,692,000. Millennium Management LLC increased its position in shares of Aveanna Healthcare by 105.0% during the fourth quarter. Millennium Management LLC now owns 400,374 shares of the company’s stock worth $1,830,000 after acquiring an additional 205,023 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Aveanna Healthcare by 50.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company’s stock valued at $2,437,000 after acquiring an additional 177,856 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Aveanna Healthcare by 145.9% in the first quarter. Mackenzie Financial Corp now owns 263,662 shares of the company’s stock valued at $1,429,000 after purchasing an additional 156,439 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

AVAH has been the topic of a number of research analyst reports. UBS Group boosted their price target 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. Truist Financial cut their target price on Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating on the stock in a research report on Friday, April 11th.

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.