The Manufacturers Life Insurance Company Purchases Shares of 26,113 Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

The Manufacturers Life Insurance Company purchased a new stake in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,113 shares of the company’s stock, valued at approximately $136,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Aveanna Healthcare by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,659 shares of the company’s stock valued at $2,406,000 after purchasing an additional 17,522 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Aveanna Healthcare by 155.8% in the second quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock worth $438,000 after acquiring an additional 96,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aveanna Healthcare in the third quarter worth $817,000. Bank of New York Mellon Corp grew its stake in shares of Aveanna Healthcare by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock worth $413,000 after acquiring an additional 9,243 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Aveanna Healthcare by 176.6% in the second quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock worth $222,000 after acquiring an additional 51,890 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Aveanna Healthcare Trading Down 1.2 %

Shares of Aveanna Healthcare stock opened at $4.97 on Tuesday. The company’s fifty day simple moving average is $5.29 and its 200-day simple moving average is $4.50. The company has a market cap of $960.33 million, a price-to-earnings ratio of -14.62 and a beta of 2.20. Aveanna Healthcare Holdings Inc. has a 1 year low of $2.00 and a 1 year high of $6.19.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $509.02 million during the quarter, compared to analyst estimates of $495.80 million. During the same quarter in the previous year, the business posted ($0.05) EPS. As a group, research analysts forecast that Aveanna Healthcare Holdings Inc. will post -0.08 earnings per share for the current fiscal year.

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.