Arizona State Retirement System Acquires Shares of 13,983 Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Arizona State Retirement System acquired a new stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,983 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Aveanna Healthcare in the 3rd quarter valued at $69,000. XTX Topco Ltd acquired a new position in Aveanna Healthcare in the 3rd quarter valued at $92,000. Legato Capital Management LLC acquired a new position in Aveanna Healthcare in the 4th quarter valued at $83,000. Virtu Financial LLC acquired a new position in Aveanna Healthcare in the 3rd quarter valued at $99,000. Finally, SG Americas Securities LLC grew its holdings in Aveanna Healthcare by 26.0% in the 4th quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock valued at $111,000 after buying an additional 5,031 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Aveanna Healthcare Stock Performance

NASDAQ:AVAH opened at $5.19 on Monday. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $6.19. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -15.26 and a beta of 2.25. The stock has a fifty day moving average price of $4.56 and a 200-day moving average price of $4.96.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AVAH shares. Truist Financial cut their target price on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a research report on Monday, January 6th. UBS Group upped their target price on Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a research report on Friday.

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.