Edwin Reisz Sells 60,769 Shares of Aveanna Healthcare (NASDAQ:AVAH) Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) insider Edwin Reisz sold 60,769 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $7.21, for a total value of $438,144.49. Following the completion of the transaction, the insider directly owned 1,447,057 shares in the company, valued at approximately $10,433,280.97. This represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Aveanna Healthcare Stock Performance

NASDAQ:AVAH traded up $0.02 on Thursday, hitting $7.42. The stock had a trading volume of 3,877,110 shares, compared to its average volume of 938,081. The business’s 50-day simple moving average is $8.48 and its two-hundred day simple moving average is $8.44. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 20.61 and a beta of 2.06. Aveanna Healthcare Holdings Inc. has a 52-week low of $3.67 and a 52-week high of $10.32. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 140.39.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of Aveanna Healthcare by 232.8% during the third quarter. Teacher Retirement System of Texas now owns 224,375 shares of the company’s stock worth $1,990,000 after acquiring an additional 156,947 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Aveanna Healthcare in the 3rd quarter worth $7,356,000. Squarepoint Ops LLC boosted its holdings in shares of Aveanna Healthcare by 207.0% during the 2nd quarter. Squarepoint Ops LLC now owns 479,977 shares of the company’s stock valued at $2,510,000 after purchasing an additional 323,656 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Aveanna Healthcare during the third quarter valued at about $15,743,000. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of Aveanna Healthcare during the second quarter valued at about $167,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets started coverage on shares of Aveanna Healthcare in a report on Thursday, November 13th. They set an “outperform” rating and a $11.00 target price for the company. Barclays lifted their price target on shares of Aveanna Healthcare from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Truist Financial upped their price objective on Aveanna Healthcare from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. UBS Group raised their target price on Aveanna Healthcare from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Jefferies Financial Group boosted their price target on Aveanna Healthcare from $11.00 to $12.50 and gave the company a “buy” rating in a report on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Aveanna Healthcare presently has a consensus rating of “Hold” and a consensus price target of $11.06.

About Aveanna Healthcare

Aveanna Healthcare, Inc (NASDAQ: AVAH) is a national provider of in-home health care services, specializing in pediatric skilled nursing, therapy, and related support for medically complex and chronically ill children. The company delivers a range of clinical and therapeutic solutions designed to enable patients to receive care in the comfort of their own homes, reducing the need for hospital stays and long-term institutional care. Aveanna’s offerings include registered nursing, physical, occupational and speech therapy, behavioral health counseling, and durable medical equipment coordination.

In addition to pediatric home health services, Aveanna operates adult home health and personal care support programs, assisting elderly and disabled adults with daily living activities, medication management, and rehabilitation therapies.