Insider Selling: Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells 1,560,700 Shares of Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder Paul R. Vigano sold 1,560,700 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $5.36, for a total transaction of $8,365,352.00. Following the transaction, the insider now directly owns 29,640,756 shares of the company’s stock, valued at $158,874,452.16. This represents a 5.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aveanna Healthcare Stock Performance

Shares of Aveanna Healthcare stock opened at $5.49 on Thursday. The stock has a market cap of $1.07 billion, a P/E ratio of -16.15 and a beta of 2.01. The stock’s fifty day moving average is $5.10 and its 200 day moving average is $4.94. Aveanna Healthcare Holdings Inc. has a one year low of $2.32 and a one year high of $6.19.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVAH. Truist Financial cut their price target on Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating on the stock in a research note on Friday, April 11th. UBS Group increased their target price on Aveanna Healthcare from $4.50 to $5.00 and gave the stock a “sell” rating in a research note on Friday, May 9th.

Hedge Funds Weigh In On Aveanna Healthcare

A number of hedge funds have recently made changes to their positions in AVAH. JPMorgan Chase & Co. lifted its holdings in shares of Aveanna Healthcare by 266.4% in the third quarter. JPMorgan Chase & Co. now owns 85,714 shares of the company’s stock worth $446,000 after buying an additional 62,319 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Aveanna Healthcare by 577.0% during the 4th quarter. Legal & General Group Plc now owns 36,409 shares of the company’s stock worth $166,000 after acquiring an additional 31,031 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Aveanna Healthcare by 11.1% in the 4th quarter. Rhumbline Advisers now owns 72,663 shares of the company’s stock valued at $332,000 after acquiring an additional 7,257 shares during the last quarter. Arizona State Retirement System bought a new stake in Aveanna Healthcare during the fourth quarter worth approximately $64,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Aveanna Healthcare during the fourth quarter valued at approximately $35,000. Institutional investors own 87.96% of the company’s stock.

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.