Sagespring Wealth Partners LLC Makes New Investment in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Sagespring Wealth Partners LLC acquired a new stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,500 shares of the company’s stock, valued at approximately $57,000.

Several other large investors have also made changes to their positions in AVAH. KLP Kapitalforvaltning AS acquired a new stake in Aveanna Healthcare in the 4th quarter valued at $35,000. Catalyst Funds Management Pty Ltd lifted its holdings in Aveanna Healthcare by 321.4% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company’s stock valued at $54,000 after purchasing an additional 9,000 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Aveanna Healthcare in the fourth quarter valued at about $64,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aveanna Healthcare during the fourth quarter worth about $65,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Aveanna Healthcare during the 4th quarter worth about $68,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AVAH shares. UBS Group lifted their price objective on Aveanna Healthcare from $3.20 to $4.50 and gave the stock a “sell” rating in a report on Friday, March 14th. Truist Financial lowered their price target on Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating on the stock in a research note on Friday, April 11th.

Aveanna Healthcare Price Performance

AVAH opened at $4.54 on Friday. The firm has a market capitalization of $885.73 million, a price-to-earnings ratio of -13.35 and a beta of 1.99. The company’s 50 day simple moving average is $4.77 and its two-hundred day simple moving average is $4.92. Aveanna Healthcare Holdings Inc. has a 1-year low of $2.11 and a 1-year high of $6.19.

Insider Buying and Selling

In related news, major shareholder J.H. Whitney Equity Partners V sold 5,580 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $5.63, for a total transaction of $31,415.40. Following the completion of the sale, the insider now directly owns 1,451,598 shares in the company, valued at approximately $8,172,496.74. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 67,412 shares of company stock worth $372,142. 7.80% of the stock is owned by corporate insiders.

Aveanna Healthcare 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.