Bank of New York Mellon Corp Sells 9,514 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Bank of New York Mellon Corp lowered its position in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,226 shares of the company’s stock after selling 9,514 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.06% of Aveanna Healthcare worth $504,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AVAH. Intech Investment Management LLC bought a new stake in Aveanna Healthcare during the 3rd quarter worth about $69,000. XTX Topco Ltd bought a new stake in shares of Aveanna Healthcare during the third quarter worth approximately $92,000. Legato Capital Management LLC bought a new stake in shares of Aveanna Healthcare during the fourth quarter worth approximately $83,000. Virtu Financial LLC acquired a new position in Aveanna Healthcare in the third quarter valued at approximately $99,000. Finally, SG Americas Securities LLC boosted its stake in Aveanna Healthcare by 26.0% in the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock valued at $111,000 after acquiring an additional 5,031 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

AVAH has been the topic of a number of analyst reports. UBS Group increased their price target on Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a research note on Friday, March 14th. Truist Financial cut their target price 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 Stock Performance

AVAH opened at $5.52 on Friday. The firm’s fifty day moving average is $4.72 and its two-hundred day moving average is $4.96. The firm has a market cap of $1.08 billion, a PE ratio of -16.23 and a beta of 2.25. Aveanna Healthcare Holdings Inc. has a twelve month low of $2.11 and a twelve month high of $6.19.

Insider Activity at Aveanna Healthcare

In other Aveanna Healthcare news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of Aveanna Healthcare stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the transaction, the insider now directly owns 1,453,948 shares in the company, valued at approximately $8,011,253.48. The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.80% of the stock is owned by corporate insiders.

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.