Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 266.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,714 shares of the company’s stock after purchasing an additional 62,319 shares during the period. JPMorgan Chase & Co.’s holdings in Aveanna Healthcare were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in Aveanna Healthcare in the 3rd quarter worth $69,000. XTX Topco Ltd acquired a new position in shares of Aveanna Healthcare in the third quarter valued at about $92,000. Virtu Financial LLC purchased a new position in shares of Aveanna Healthcare in the third quarter worth about $99,000. SG Americas Securities LLC acquired a new stake in shares of Aveanna Healthcare during the third quarter worth about $101,000. Finally, Mackenzie Financial Corp boosted its position in Aveanna Healthcare by 35.9% in the second quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after buying an additional 12,075 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Trading Down 2.2 %

Shares of AVAH stock opened at $4.81 on Wednesday. Aveanna Healthcare Holdings Inc. has a twelve month low of $2.00 and a twelve month high of $6.19. The stock has a market cap of $929.44 million, a P/E ratio of -14.15 and a beta of 2.25. The stock has a 50 day moving average of $4.96 and a 200 day moving average of $4.95.

Aveanna Healthcare (NASDAQ:AVAH) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $509.02 million for the quarter, compared to analysts’ expectations of $495.80 million. During the same period last year, the firm earned ($0.05) earnings per share. On average, research analysts predict that Aveanna Healthcare Holdings Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a research report on Monday, January 6th.

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.