Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder J.H. Whitney Equity Partners V Sells 61,564 Shares of Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $5.51, for a total transaction of $339,217.64. Following the transaction, the insider now owns 1,453,948 shares in the company, valued at $8,011,253.48. This trade represents a 4.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Aveanna Healthcare Trading Down 0.9 %

NASDAQ AVAH opened at $5.46 on Friday. The company’s 50-day moving average price is $4.63 and its 200-day moving average price is $4.96. The stock has a market cap of $1.06 billion, a PE ratio of -16.06 and a beta of 2.25. Aveanna Healthcare Holdings Inc. has a 12 month low of $2.11 and a 12 month high of $6.19.

Institutional Trading of Aveanna Healthcare

A number of hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in Aveanna Healthcare by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,699 shares of the company’s stock worth $246,000 after acquiring an additional 2,649 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Aveanna Healthcare by 15.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company’s stock worth $115,000 after acquiring an additional 3,407 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 4,047 shares during the period. SG Americas Securities LLC lifted its stake in Aveanna Healthcare by 26.0% in the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock worth $111,000 after acquiring an additional 5,031 shares during the period. Finally, Intech Investment Management LLC lifted its stake in Aveanna Healthcare by 42.0% in the fourth quarter. Intech Investment Management LLC now owns 18,813 shares of the company’s stock worth $86,000 after acquiring an additional 5,566 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVAH has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a research report on Friday, March 14th. Truist Financial cut their price objective on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research report on Monday, January 6th.

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.