Aveanna Healthcare (NASDAQ:AVAH) Stock Price Up 4.8%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) rose 4.8% during mid-day trading on Tuesday . The company traded as high as $2.60 and last traded at $2.60. Approximately 7,514 shares changed hands during trading, a decline of 93% from the average daily volume of 100,688 shares. The stock had previously closed at $2.48.

Analyst Upgrades and Downgrades

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

Aveanna Healthcare Price Performance

The firm has a market capitalization of $509.81 million, a P/E ratio of -4.42 and a beta of 2.07. The firm’s 50 day simple moving average is $2.55 and its two-hundred day simple moving average is $2.48.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $490.65 million during the quarter, compared to the consensus estimate of $485.05 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. As a group, equities research analysts forecast that Aveanna Healthcare Holdings Inc. will post -0.13 EPS for the current year.

Institutional Trading of Aveanna Healthcare

Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Aveanna Healthcare by 24.6% in the fourth quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock worth $64,000 after purchasing an additional 4,721 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Aveanna Healthcare by 185.6% in 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 during the period. Vanguard Group Inc. increased its position in shares of Aveanna Healthcare by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after acquiring an additional 44,970 shares during the period. Littlejohn & Co. LLC increased its position in shares of Aveanna Healthcare by 7.4% in the first quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock valued at $20,859,000 after acquiring an additional 578,488 shares during the period. Finally, Nut Tree Capital Management LP increased its position in shares of Aveanna Healthcare by 11.7% in the fourth quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock valued at $33,159,000 after acquiring an additional 1,296,045 shares during the period. 87.96% of the stock is owned by institutional investors.

About Aveanna Healthcare

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.