Aveanna Healthcare (NASDAQ:AVAH) Major Shareholder Paul Vigano Sells 1,500,000 Shares

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder Paul Vigano sold 1,500,000 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $9.00, for a total value of $13,500,000.00. Following the transaction, the insider directly owned 362,746 shares of the company’s stock, valued at $3,264,714. The trade was a 80.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aveanna Healthcare Stock Performance

Aveanna Healthcare stock opened at $9.81 on Wednesday. The stock has a fifty day moving average of $8.60 and a two-hundred day moving average of $6.24. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 122.63 and a beta of 2.05. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $10.32.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings results on Monday, May 22nd. The company reported $0.04 earnings per share for the quarter. The company had revenue of $450.53 million during the quarter. Aveanna Healthcare had a negative return on equity of 54.56% and a net margin of 0.85%. On average, analysts forecast that Aveanna Healthcare Holdings Inc. will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Partners L P acquired a new position in Aveanna Healthcare in the second quarter valued at $50,477,000. Strs Ohio acquired a new position in Aveanna Healthcare in the first quarter valued at $218,000. Teacher Retirement System of Texas boosted its holdings in Aveanna Healthcare by 50.9% in the first quarter. Teacher Retirement System of Texas now owns 49,881 shares of the company’s stock valued at $270,000 after acquiring an additional 16,835 shares during the last quarter. Diversified Trust Co acquired a new position in Aveanna Healthcare in the second quarter valued at $57,000. Finally, MetLife Investment Management LLC boosted its holdings in Aveanna Healthcare by 16.2% in the first quarter. MetLife Investment Management LLC now owns 31,251 shares of the company’s stock valued at $169,000 after acquiring an additional 4,349 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AVAH shares. Wall Street Zen upgraded Aveanna Healthcare from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Truist Financial decreased their price objective on Aveanna Healthcare from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, July 16th. UBS Group raised their price objective on Aveanna Healthcare from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Aveanna Healthcare in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upgraded Aveanna Healthcare from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $6.00 to $10.00 in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Aveanna Healthcare presently has a consensus rating of “Hold” and a consensus target price of $9.29.

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.