First Eagle Investment Management LLC Purchases New Shares in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

First Eagle Investment Management LLC acquired a new position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 435,858 shares of the company’s stock, valued at approximately $1,992,000. First Eagle Investment Management LLC owned 0.23% of Aveanna Healthcare as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Aveanna Healthcare by 15.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company’s stock worth $115,000 after purchasing an additional 3,407 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Aveanna Healthcare by 0.9% in the fourth 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. SG Americas Securities LLC raised its stake in shares of Aveanna Healthcare by 26.0% during the 4th quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock worth $111,000 after buying an additional 5,031 shares during the period. Rhumbline Advisers lifted its position in shares of Aveanna Healthcare by 11.1% during the 4th quarter. Rhumbline Advisers now owns 72,663 shares of the company’s stock valued at $332,000 after buying an additional 7,257 shares in the last quarter. Finally, State Street Corp grew its stake in Aveanna Healthcare by 0.9% in the 3rd quarter. State Street Corp now owns 1,039,920 shares of the company’s stock valued at $5,408,000 after acquiring an additional 9,446 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Aveanna Healthcare Stock Up 1.0 %

Shares of AVAH opened at $5.19 on Monday. Aveanna Healthcare Holdings Inc. has a 52-week low of $2.11 and a 52-week high of $6.19. The stock has a market cap of $1.00 billion, a PE ratio of -15.26 and a beta of 2.25. The firm’s fifty day moving average is $4.56 and its two-hundred day moving average is $4.96.

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.