Fmr LLC Reduces Position in Almost Family Inc (AFAM)

FMR LLC cut its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,826,805 shares of the company’s stock after selling 251,044 shares during the period. FMR LLC owned approximately 14.39% of Almost Family worth $112,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Almost Family by 4.7% during the second quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock valued at $93,979,000 after acquiring an additional 68,221 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Almost Family by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 919,584 shares of the company’s stock valued at $44,692,000 after purchasing an additional 46,958 shares during the period. Vanguard Group Inc. boosted its stake in shares of Almost Family by 5.1% in the second quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock valued at $41,277,000 after purchasing an additional 32,227 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Almost Family by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock valued at $40,997,000 after purchasing an additional 89,827 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Almost Family by 1,571.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,664 shares of the company’s stock worth $28,026,000 after acquiring an additional 542,172 shares during the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.

AFAM has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Robert W. Baird restated a “hold” rating and set a $55.00 price objective on shares of Almost Family in a research report on Tuesday, September 19th. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating on shares of Almost Family in a research note on Wednesday, October 11th. Finally, SunTrust Banks, Inc. set a $52.00 price objective on shares of Almost Family and gave the company a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.50.

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Almost Family Inc (NASDAQ:AFAM) opened at 47.15 on Wednesday. The firm has a market capitalization of $646.76 million, a price-to-earnings ratio of 32.10 and a beta of 0.47. Almost Family Inc has a 12-month low of $36.39 and a 12-month high of $62.95. The company’s 50-day moving average price is $48.92 and its 200-day moving average price is $52.56.

Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.56. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The firm had revenue of $200.70 million for the quarter, compared to analyst estimates of $205.48 million. During the same quarter last year, the company earned $0.61 EPS. The company’s revenue was up 28.7% on a year-over-year basis. Equities analysts expect that Almost Family Inc will post $2.15 EPS for the current fiscal year.

In related news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total transaction of $104,000.00. Following the sale, the senior vice president now owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.10% of the company’s stock.

Almost Family Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

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