Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 155.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,600 shares of the company’s stock after acquiring an additional 96,600 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of Aveanna Healthcare worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Acadian Asset Management LLC lifted its holdings in shares of Aveanna Healthcare by 185.6% in the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after buying an additional 19,096 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Aveanna Healthcare by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock valued at $413,000 after purchasing an additional 9,243 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 44,970 shares during the period. Finally, Littlejohn & Co. LLC increased its holdings in Aveanna Healthcare by 7.4% during the 1st 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 in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Aveanna Healthcare Stock Performance

Shares of Aveanna Healthcare stock opened at $4.62 on Friday. The firm has a market cap of $888.79 million, a PE ratio of -7.70 and a beta of 2.12. Aveanna Healthcare Holdings Inc. has a 1 year low of $0.85 and a 1 year high of $5.95. The firm’s 50-day simple moving average is $5.03 and its 200-day simple moving average is $3.54.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $504.96 million for the quarter, compared to the consensus estimate of $494.02 million. On average, equities analysts predict that Aveanna Healthcare Holdings Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.