Patrick Cunningham Sells 18,436 Shares of Aveanna Healthcare (NASDAQ:AVAH) Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) insider Patrick Cunningham sold 18,436 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $7.21, for a total value of $132,923.56. Following the transaction, the insider directly owned 337,755 shares of the company’s stock, valued at approximately $2,435,213.55. The trade was a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Aveanna Healthcare Price Performance

NASDAQ AVAH traded up $0.02 on Thursday, hitting $7.42. The company had a trading volume of 3,877,110 shares, compared to its average volume of 938,081. The company has a debt-to-equity ratio of 140.39, a current ratio of 1.23 and a quick ratio of 1.23. The company’s fifty day moving average price is $8.48 and its 200-day moving average price is $8.44. The company has a market capitalization of $1.55 billion, a PE ratio of 20.61 and a beta of 2.06. Aveanna Healthcare Holdings Inc. has a 12-month low of $3.67 and a 12-month high of $10.32.

Institutional Trading of Aveanna Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of AVAH. Invesco Ltd. raised its holdings in shares of Aveanna Healthcare by 1,001.5% during the 4th quarter. Invesco Ltd. now owns 360,464 shares of the company’s stock worth $2,945,000 after acquiring an additional 327,738 shares during the period. Mackenzie Financial Corp increased its position in Aveanna Healthcare by 12.7% during the fourth quarter. Mackenzie Financial Corp now owns 216,200 shares of the company’s stock worth $1,810,000 after purchasing an additional 24,447 shares during the last quarter. Zimmer Partners LP purchased a new position in Aveanna Healthcare during the fourth quarter worth about $6,189,000. Voloridge Investment Management LLC acquired a new position in Aveanna Healthcare in the 4th quarter valued at about $1,915,000. Finally, Millennium Management LLC boosted its holdings in Aveanna Healthcare by 1,007.1% in the 4th quarter. Millennium Management LLC now owns 1,114,717 shares of the company’s stock valued at $9,107,000 after purchasing an additional 1,014,030 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $13.00 price objective on shares of Aveanna Healthcare in a report on Friday, December 5th. Jefferies Financial Group raised their price objective on Aveanna Healthcare from $11.00 to $12.50 and gave the company a “buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada lifted their target price on shares of Aveanna Healthcare from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 15th. UBS Group increased their target price on shares of Aveanna Healthcare from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Finally, Zacks Research lowered shares of Aveanna Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.06.

Aveanna Healthcare Company Profile

Aveanna Healthcare, Inc (NASDAQ: AVAH) is a national provider of in-home health care services, specializing in pediatric skilled nursing, therapy, and related support for medically complex and chronically ill children. The company delivers a range of clinical and therapeutic solutions designed to enable patients to receive care in the comfort of their own homes, reducing the need for hospital stays and long-term institutional care. Aveanna’s offerings include registered nursing, physical, occupational and speech therapy, behavioral health counseling, and durable medical equipment coordination.

In addition to pediatric home health services, Aveanna operates adult home health and personal care support programs, assisting elderly and disabled adults with daily living activities, medication management, and rehabilitation therapies.