Prudential Financial Inc. Acquires Shares of 105,945 Aveanna Healthcare Holdings Inc. $AVAH

Prudential Financial Inc. acquired a new stake in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 105,945 shares of the company’s stock, valued at approximately $554,000.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Aveanna Healthcare by 71.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 326,144 shares of the company’s stock valued at $1,768,000 after purchasing an additional 135,574 shares during the period. Nuveen LLC acquired a new position in Aveanna Healthcare in the 1st quarter valued at about $1,692,000. Russell Investments Group Ltd. grew its stake in shares of Aveanna Healthcare by 648.7% in the 1st quarter. Russell Investments Group Ltd. now owns 60,921 shares of the company’s stock valued at $330,000 after buying an additional 52,784 shares during the period. Algert Global LLC grew its stake in shares of Aveanna Healthcare by 180.2% in the 1st quarter. Algert Global LLC now owns 120,745 shares of the company’s stock valued at $654,000 after buying an additional 77,650 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Aveanna Healthcare during the 1st quarter worth approximately $59,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Transactions at Aveanna Healthcare

In other news, major shareholder Paul R. Vigano sold 1,500,000 shares of Aveanna Healthcare stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $9.00, for a total value of $13,500,000.00. Following the sale, the insider owned 362,746 shares of the company’s stock, valued at $3,264,714. The trade was a 80.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Robert M. Williams, Jr. sold 1,500,000 shares of the business’s stock in a transaction that occurred 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 owned 362,746 shares in the company, valued at $3,264,714. The trade was a 80.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,597,968 shares of company stock worth $293,381,712. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

AVAH has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on Aveanna Healthcare from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. BMO Capital Markets began coverage on Aveanna Healthcare in a research report on Thursday, November 13th. They set an “outperform” rating and a $11.00 price objective for the company. UBS Group boosted their price objective on shares of Aveanna Healthcare from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Friday, November 7th. Zacks Research lowered shares of Aveanna Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. raised shares of Aveanna Healthcare from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $6.00 to $10.00 in a research note on Thursday, September 18th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.69.

Aveanna Healthcare Stock Down 0.8%

Aveanna Healthcare stock opened at $9.13 on Wednesday. The stock has a market cap of $1.91 billion, a PE ratio of 25.36 and a beta of 2.04. The company has a debt-to-equity ratio of 140.39, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s fifty day moving average is $9.11 and its two-hundred day moving average is $7.09. Aveanna Healthcare Holdings Inc. has a 1-year low of $3.67 and a 1-year high of $10.32.

Aveanna Healthcare (NASDAQ:AVAH) last issued its earnings results on Monday, May 22nd. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $450.53 million during the quarter. Aveanna Healthcare had a net margin of 3.29% and a negative return on equity of 143.55%. On average, sell-side analysts expect that Aveanna Healthcare Holdings Inc. will post -0.06 EPS for the current fiscal year.

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.