Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells $339,217.64 in Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the transaction, the insider now directly owns 1,453,948 shares in the company, valued at $8,011,253.48. The trade was a 4.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Aveanna Healthcare Stock Down 3.1 %

Shares of NASDAQ AVAH opened at $5.29 on Friday. The firm’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $4.96. Aveanna Healthcare Holdings Inc. has a 52-week low of $2.11 and a 52-week high of $6.19. The stock has a market capitalization of $1.03 billion, a P/E ratio of -15.56 and a beta of 2.25.

Hedge Funds Weigh In On Aveanna Healthcare

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Aveanna Healthcare by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,699 shares of the company’s stock worth $246,000 after acquiring an additional 2,649 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Aveanna Healthcare by 15.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company’s stock worth $115,000 after acquiring an additional 3,407 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Aveanna Healthcare by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock worth $2,133,000 after acquiring an additional 4,047 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Aveanna Healthcare by 26.0% in the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock worth $111,000 after acquiring an additional 5,031 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Aveanna Healthcare by 42.0% in the fourth quarter. Intech Investment Management LLC now owns 18,813 shares of the company’s stock worth $86,000 after acquiring an additional 5,566 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AVAH. UBS Group increased their price target on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a “sell” rating in a research report on Friday, March 14th. Truist Financial reduced their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research report on Monday, January 6th.

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.