Aveanna Healthcare (NASDAQ:AVAH) Trading Down 5.8%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) dropped 5.8% during trading on Wednesday . The company traded as low as $2.73 and last traded at $2.75. Approximately 28,934 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 92,546 shares. The stock had previously closed at $2.92.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Aveanna Healthcare from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1.80.

Aveanna Healthcare Stock Up 3.3 %

The company has a 50 day simple moving average of $2.44 and a 200-day simple moving average of $2.41.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $490.65 million during the quarter, compared to analyst estimates of $485.05 million. During the same period last year, the firm posted ($0.06) earnings per share. Equities research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Aveanna Healthcare by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock valued at $64,000 after acquiring an additional 4,721 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Aveanna Healthcare by 185.6% during the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after acquiring an additional 19,096 shares in the last quarter. King Street Capital Management L.P. increased its holdings in shares of Aveanna Healthcare by 11.8% during the third quarter. King Street Capital Management L.P. now owns 4,250,000 shares of the company’s stock valued at $5,058,000 after acquiring an additional 450,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Aveanna Healthcare by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock worth $6,402,000 after buying an additional 44,970 shares in the last quarter. Finally, Littlejohn & Co. LLC grew its holdings in Aveanna Healthcare by 15.3% during the third quarter. Littlejohn & Co. LLC now owns 7,446,838 shares of the company’s stock worth $8,862,000 after buying an additional 989,260 shares in the last quarter. Institutional investors 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.