Almost Family (AFAM) Rating Lowered to Strong Sell at BidaskClub
Almost Family (NASDAQ:AFAM) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.
Several other analysts have also issued reports on the company. Royal Bank of Canada lowered Almost Family from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $54.00 to $62.00 in a report on Monday, November 20th. SunTrust Banks set a $73.00 price target on Almost Family and gave the company a “hold” rating in a report on Friday, November 17th. Zacks Investment Research lowered Almost Family from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Robert W. Baird set a $65.00 price target on Almost Family and gave the company a “hold” rating in a report on Tuesday, November 28th. Finally, ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $62.33.
Shares of Almost Family (NASDAQ:AFAM) opened at $55.35 on Friday. Almost Family has a fifty-two week low of $40.15 and a fifty-two week high of $66.15. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $768.24, a PE ratio of 46.13, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. The business had revenue of $194.30 million during the quarter, compared to analyst estimates of $199.93 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. Almost Family’s revenue for the quarter was up 21.1% on a year-over-year basis. equities research analysts expect that Almost Family will post 2.11 EPS for the current fiscal year.
In other news, Director Jonathan Goldberg sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $60.08, for a total value of $600,800.00. Following the completion of the transaction, the director now owns 44,803 shares of the company’s stock, valued at $2,691,764.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Almost Family by 1,261.0% in the third quarter. Sei Investments Co. now owns 1,361 shares of the company’s stock worth $110,000 after acquiring an additional 1,261 shares during the period. SG Americas Securities LLC bought a new position in shares of Almost Family in the third quarter worth about $148,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Almost Family by 7.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,810 shares of the company’s stock worth $173,000 after acquiring an additional 190 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Almost Family by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the company’s stock worth $237,000 after acquiring an additional 578 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Almost Family by 47.1% in the second quarter. BNP Paribas Arbitrage SA now owns 4,299 shares of the company’s stock worth $265,000 after acquiring an additional 1,376 shares during the period. 84.90% of the stock is owned by hedge funds and other institutional investors.
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Almost Family Company Profile
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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