UBS Group Forecasts Strong Price Appreciation for Aveanna Healthcare (NASDAQ:AVAH) Stock

Aveanna Healthcare (NASDAQ:AVAH) had its target price upped by equities research analysts at UBS Group from $3.20 to $4.50 in a report released on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. UBS Group’s price target would indicate a potential downside of 13.29% from the company’s current price.

Separately, Truist Financial lowered their price objective on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research note on Monday, January 6th.

Aveanna Healthcare Trading Up 1.0 %

AVAH stock opened at $5.19 on Friday. Aveanna Healthcare has a 1-year low of $2.11 and a 1-year high of $6.19. The firm has a market cap of $1.00 billion, a P/E ratio of -15.26 and a beta of 2.25. The business’s 50 day moving average is $4.56 and its 200-day moving average is $4.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp boosted its holdings in shares of Aveanna Healthcare by 254.2% in the 4th quarter. Mackenzie Financial Corp now owns 107,223 shares of the company’s stock worth $490,000 after acquiring an additional 76,953 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Aveanna Healthcare in the 4th quarter worth approximately $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Aveanna Healthcare in the 4th quarter worth approximately $223,000. Squarepoint Ops LLC lifted its holdings in Aveanna Healthcare by 586.1% during the 4th quarter. Squarepoint Ops LLC now owns 75,538 shares of the company’s stock worth $345,000 after buying an additional 64,528 shares in the last quarter. Finally, State of Wyoming acquired a new position in Aveanna Healthcare during the 4th quarter worth $179,000. 87.96% of the stock is owned by institutional investors and hedge funds.

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.