Acadian Asset Management LLC Purchases 51,890 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Acadian Asset Management LLC raised its position in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 176.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,275 shares of the company’s stock after acquiring an additional 51,890 shares during the period. Acadian Asset Management LLC’s holdings in Aveanna Healthcare were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Aveanna Healthcare by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock valued at $413,000 after purchasing an additional 9,243 shares during the period. Vanguard Group Inc. boosted its stake in shares of Aveanna Healthcare by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after purchasing an additional 44,970 shares during the period. King Street Capital Management L.P. boosted its stake in shares of Aveanna Healthcare by 50.6% during the fourth quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock valued at $17,152,000 after purchasing an additional 2,150,000 shares during the period. Littlejohn & Co. LLC boosted its stake in shares of Aveanna Healthcare by 7.4% during the first quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock valued at $20,859,000 after purchasing an additional 578,488 shares during the period. Finally, Nut Tree Capital Management LP boosted its stake in shares of Aveanna Healthcare by 11.7% during the fourth quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock valued at $33,159,000 after purchasing an additional 1,296,045 shares during the period. Institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Stock Up 0.4 %

AVAH opened at $5.52 on Friday. Aveanna Healthcare Holdings Inc. has a 52-week low of $0.85 and a 52-week high of $5.87. The company has a market cap of $1.06 billion, a P/E ratio of -9.20 and a beta of 2.13. The firm’s 50-day moving average price is $4.73 and its 200-day moving average price is $3.27.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $504.96 million for the quarter, compared to analyst estimates of $494.02 million. On average, research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, UBS Group upped their price objective on shares of Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a research note on Friday, August 9th.

Aveanna Healthcare 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.