Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Up – Here’s Why

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares gapped up before the market opened on Monday . The stock had previously closed at $5.29, but opened at $5.56. Aveanna Healthcare shares last traded at $5.44, with a volume of 45,420 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AVAH shares. 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 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.

Aveanna Healthcare Trading Down 1.4 %

The company has a market capitalization of $1.07 billion, a PE ratio of -16.18 and a beta of 2.25. The stock’s fifty day moving average is $4.69 and its two-hundred day moving average is $4.95.

Insider Buying and Selling at Aveanna Healthcare

In other Aveanna Healthcare 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVAH. Geode Capital Management LLC raised its stake in Aveanna Healthcare by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,401,016 shares of the company’s stock valued at $7,287,000 after acquiring an additional 63,190 shares during the period. State Street Corp raised its position in shares of Aveanna Healthcare by 0.9% in the third quarter. State Street Corp now owns 1,039,920 shares of the company’s stock valued at $5,408,000 after purchasing an additional 9,446 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Aveanna Healthcare by 50.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company’s stock valued at $2,437,000 after buying an additional 177,856 shares in the last quarter. Northern Trust Corp boosted its holdings in Aveanna Healthcare by 11.3% in the 4th quarter. Northern Trust Corp now owns 478,907 shares of the company’s stock worth $2,189,000 after buying an additional 48,572 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Aveanna Healthcare by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock valued at $2,133,000 after buying an additional 4,047 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.