Swiss National Bank Invests $434,000 in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Swiss National Bank acquired a new stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 95,000 shares of the company’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Aveanna Healthcare in the third quarter valued at approximately $69,000. Arizona State Retirement System acquired a new position in Aveanna Healthcare during the fourth quarter worth about $64,000. XTX Topco Ltd purchased a new position in Aveanna Healthcare in the 3rd quarter valued at approximately $92,000. Legato Capital Management LLC acquired a new position in shares of Aveanna Healthcare during the 4th quarter worth $83,000. Finally, Virtu Financial LLC purchased a new stake in shares of Aveanna Healthcare in the third quarter valued at about $99,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Aveanna Healthcare Stock Performance

Shares of AVAH stock opened at $5.37 on Monday. The firm has a market capitalization of $1.05 billion, a PE ratio of -15.79 and a beta of 2.25. The stock has a fifty day moving average of $4.73 and a two-hundred day moving average of $4.96. Aveanna Healthcare Holdings Inc. has a 1 year low of $2.11 and a 1 year high of $6.19.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AVAH shares. UBS Group boosted their price target on Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a report on Friday, March 14th. Truist Financial decreased their price objective on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a research note on Monday, January 6th.

Insider Transactions at Aveanna Healthcare

In other news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the completion of the sale, the insider now directly owns 1,453,948 shares of the company’s stock, valued at $8,011,253.48. This trade represents a 4.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.80% of the company’s stock.

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.