Aveanna Healthcare (NASDAQ:AVAH) Price Target Cut to $5.50 by Analysts at Truist Financial

Aveanna Healthcare (NASDAQ:AVAH) had its target price dropped by stock analysts at Truist Financial from $6.00 to $5.50 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 14.58% from the company’s current price.

Separately, UBS Group lifted their target price on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a “sell” rating in a research report on Friday, March 14th.

Aveanna Healthcare Price Performance

Shares of AVAH stock opened at $4.80 on Friday. The firm has a 50-day moving average of $4.79 and a 200-day moving average of $4.94. Aveanna Healthcare has a one year low of $2.11 and a one year high of $6.19. The company has a market cap of $936.45 million, a P/E ratio of -14.12 and a beta of 1.99.

Insider Buying and Selling

In other news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the completion of the transaction, the insider now owns 1,453,948 shares in the company, valued at approximately $8,011,253.48. This represents a 4.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 67,412 shares of company stock worth $372,142. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Aveanna Healthcare

Several institutional investors have recently added to or reduced their stakes in AVAH. Rhumbline Advisers raised its position in shares of Aveanna Healthcare by 4.0% in the first quarter. Rhumbline Advisers now owns 75,581 shares of the company’s stock valued at $410,000 after purchasing an additional 2,918 shares during the period. California State Teachers Retirement System grew its stake in Aveanna Healthcare by 1,099.2% in the 4th quarter. California State Teachers Retirement System now owns 45,413 shares of the company’s stock valued at $208,000 after buying an additional 41,626 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Aveanna Healthcare by 254.2% during the 4th quarter. Mackenzie Financial Corp now owns 107,223 shares of the company’s stock valued at $490,000 after acquiring an additional 76,953 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Aveanna Healthcare during the fourth quarter worth $121,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Aveanna Healthcare in the fourth quarter worth $223,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.