Aveanna Healthcare (NASDAQ:AVAH) Shares Down 3.2%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares dropped 3.2% during trading on Tuesday . The company traded as low as $4.32 and last traded at $4.49. Approximately 452,075 shares traded hands during trading, an increase of 217% from the average daily volume of 142,619 shares. The stock had previously closed at $4.64.

Analyst Upgrades and Downgrades

AVAH has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, UBS Group raised their price target on Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a research note on Friday, August 9th.

Aveanna Healthcare Price Performance

The firm’s 50-day moving average is $3.32 and its 200 day moving average is $2.75. The stock has a market cap of $961.90 million, a price-to-earnings ratio of -8.33 and a beta of 2.08.

Hedge Funds Weigh In On Aveanna Healthcare

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its stake in Aveanna Healthcare by 35.9% during the second quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock worth $126,000 after buying an additional 12,075 shares during the period. Renaissance Technologies LLC grew its stake in Aveanna Healthcare by 155.8% during the second quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock worth $438,000 after buying an additional 96,600 shares during the period. Acadian Asset Management LLC grew its stake in Aveanna Healthcare by 176.6% during the second quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock worth $222,000 after buying an additional 51,890 shares during the period. Bank of New York Mellon Corp grew its stake in Aveanna Healthcare by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock worth $413,000 after buying an additional 9,243 shares during the period. Finally, Vanguard Group Inc. grew its stake 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 during the period. 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.