Aveanna Healthcare (NASDAQ:AVAH) Shares Down 3.6% – Should You Sell?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares were down 3.6% during mid-day trading on Tuesday . The company traded as low as $4.28 and last traded at $4.32. Approximately 27,678 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 200,144 shares. The stock had previously closed at $4.48.

Aveanna Healthcare Trading Down 1.3 %

The firm has a fifty day moving average price of $5.27 and a 200 day moving average price of $4.57. The firm has a market cap of $854.05 million, a PE ratio of -13.00 and a beta of 2.20.

Aveanna Healthcare (NASDAQ:AVAH) last issued its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, equities analysts predict that Aveanna Healthcare Holdings Inc. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of Aveanna Healthcare during the 3rd quarter worth $92,000. Jacobs Levy Equity Management Inc. lifted its position in Aveanna Healthcare by 297.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 355,340 shares of the company’s stock valued at $1,848,000 after buying an additional 265,969 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Aveanna Healthcare during the third quarter worth about $817,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Aveanna Healthcare during the third quarter valued at about $136,000. Finally, Acadian Asset Management LLC raised its stake in shares of Aveanna Healthcare by 176.6% in the 2nd quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock valued at $222,000 after acquiring an additional 51,890 shares during the period. Institutional investors and hedge funds own 87.96% 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.