Short Interest in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Decreases By 7.5%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,110,000 shares, a drop of 7.5% from the October 31st total of 1,200,000 shares. Based on an average daily volume of 316,700 shares, the short-interest ratio is currently 3.5 days. Approximately 2.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AVAH shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, August 9th. UBS Group increased their target price on Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada boosted their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th.

Institutional Trading of Aveanna Healthcare

A number of large investors have recently made changes to their positions in AVAH. Intech Investment Management LLC purchased a new position in Aveanna Healthcare in the third quarter worth about $69,000. XTX Topco Ltd bought a new stake in shares of Aveanna Healthcare in the 3rd quarter valued at approximately $92,000. Virtu Financial LLC purchased a new position in shares of Aveanna Healthcare in the 3rd quarter worth approximately $99,000. SG Americas Securities LLC bought a new position in shares of Aveanna Healthcare during the 3rd quarter valued at approximately $101,000. Finally, Mackenzie Financial Corp increased its position in shares of Aveanna Healthcare by 35.9% during the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after purchasing an additional 12,075 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Aveanna Healthcare Stock Up 0.3 %

Aveanna Healthcare stock traded up $0.02 during midday trading on Monday, reaching $5.83. 191,012 shares of the stock traded hands, compared to its average volume of 200,578. Aveanna Healthcare has a 12 month low of $2.00 and a 12 month high of $6.19. The stock’s fifty day moving average is $5.23 and its 200-day moving average is $4.30. The stock has a market cap of $1.13 billion, a P/E ratio of -17.21 and a beta of 2.13.

Aveanna Healthcare (NASDAQ:AVAH) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $509.02 million during the quarter, compared to analysts’ expectations of $495.80 million. During the same period last year, the business posted ($0.05) earnings per share. On average, equities analysts predict that Aveanna Healthcare will post -0.09 EPS for the current fiscal year.

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.