Aveanna Healthcare (NASDAQ:AVAH) Trading 6.8% Higher After Analyst Upgrade

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) traded up 6.8% during trading on Monday after UBS Group raised their price target on the stock from $3.20 to $4.50. UBS Group currently has a sell rating on the stock. Aveanna Healthcare traded as high as $5.56 and last traded at $5.55. 280,641 shares were traded during mid-day trading, an increase of 21% from the average session volume of 232,508 shares. The stock had previously closed at $5.19.

Separately, Truist Financial decreased their price target on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research note on Monday, January 6th.

Hedge Funds Weigh In On Aveanna Healthcare

A number of hedge funds have recently bought and sold shares of AVAH. JPMorgan Chase & Co. grew its holdings in Aveanna Healthcare by 266.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,714 shares of the company’s stock worth $446,000 after acquiring an additional 62,319 shares during the period. State Street Corp lifted its stake in Aveanna Healthcare by 0.9% in the third quarter. State Street Corp now owns 1,039,920 shares of the company’s stock valued at $5,408,000 after buying an additional 9,446 shares during the period. XTX Topco Ltd bought a new stake in shares of Aveanna Healthcare in the 3rd quarter valued at $92,000. Barclays PLC lifted its position in shares of Aveanna Healthcare by 80.1% during the 3rd quarter. Barclays PLC now owns 122,689 shares of the company’s stock valued at $637,000 after acquiring an additional 54,557 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Aveanna Healthcare by 11.1% during the 4th quarter. Rhumbline Advisers now owns 72,663 shares of the company’s stock worth $332,000 after purchasing an additional 7,257 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Stock Up 7.4 %

The stock has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.96. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -16.43 and a beta of 2.25.

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.