Insider Selling: Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells 91,061 Shares of Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder Robert M. Williams, Jr. sold 91,061 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $5.84, for a total transaction of $531,796.24. Following the transaction, the insider now owns 545,330 shares of the company’s stock, valued at approximately $3,184,727.20. The trade was a 14.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Aveanna Healthcare Stock Performance

Aveanna Healthcare stock opened at $5.86 on Wednesday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -17.23 and a beta of 2.01. Aveanna Healthcare Holdings Inc. has a 52-week low of $2.32 and a 52-week high of $6.19. The firm has a 50 day moving average price of $4.91 and a two-hundred day moving average price of $4.90.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AVAH shares. Truist Financial lowered their price target on shares of Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating for the company in a report on Friday, April 11th. UBS Group raised their price target on shares of Aveanna Healthcare from $4.50 to $5.00 and gave the stock a “sell” rating in a report on Friday, May 9th.

Institutional Trading of Aveanna Healthcare

Several large investors have recently modified their holdings of AVAH. KLP Kapitalforvaltning AS acquired a new stake in shares of Aveanna Healthcare during the 4th quarter worth approximately $35,000. BNP Paribas Financial Markets acquired a new stake in shares of Aveanna Healthcare during the 4th quarter worth approximately $35,000. Tower Research Capital LLC TRC grew its position in shares of Aveanna Healthcare by 662.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company’s stock worth $36,000 after buying an additional 6,854 shares during the period. Catalyst Funds Management Pty Ltd grew its position in shares of Aveanna Healthcare by 321.4% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company’s stock worth $54,000 after buying an additional 9,000 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Aveanna Healthcare during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds 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.