Almost Family Inc (AFAM) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. decreased its stake in Almost Family Inc (NASDAQ:AFAM) by 13.4% during the first quarter, Holdings Channel reports. The firm owned 8,400 shares of the company’s stock after selling 1,300 shares during the period. Alliancebernstein L.P.’s holdings in Almost Family were worth $408,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AFAM. State Street Corp raised its position in shares of Almost Family by 16.9% in the fourth quarter. State Street Corp now owns 224,290 shares of the company’s stock valued at $9,892,000 after buying an additional 32,357 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Almost Family during the fourth quarter valued at approximately $211,000. First National Bank of Omaha bought a new position in shares of Almost Family during the first quarter valued at approximately $771,000. Capstone Asset Management Co. raised its position in shares of Almost Family by 5.9% in the first quarter. Capstone Asset Management Co. now owns 6,643 shares of the company’s stock valued at $323,000 after buying an additional 370 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in shares of Almost Family during the first quarter valued at approximately $238,000. 83.10% of the stock is owned by hedge funds and other institutional investors.
Almost Family Inc (AFAM) traded up 0.11% during midday trading on Friday, reaching $47.05. 12,701 shares of the company’s stock traded hands. Almost Family Inc has a 52 week low of $35.21 and a 52 week high of $62.95. The stock has a market capitalization of $645.38 million, a price-to-earnings ratio of 32.03 and a beta of 0.43. The company’s 50-day moving average price is $55.59 and its 200 day moving average price is $52.33.
Almost Family (NASDAQ:AFAM) last posted its earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. Almost Family had a return on equity of 7.72% and a net margin of 2.43%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. On average, equities research analysts expect that Almost Family Inc will post $2.36 earnings per share for the current year.
AFAM has been the subject of several research reports. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Bank of America Corporation reiterated a “neutral” rating and set a $57.00 price objective (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of Almost Family in a research note on Tuesday, June 13th. Robert W. Baird downgraded shares of Almost Family from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $64.00 in a research note on Monday, July 10th. Finally, BidaskClub downgraded shares of Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.60.
In related news, SVP John Shermyen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $61.61, for a total value of $184,830.00. Following the completion of the transaction, the senior vice president now directly owns 81,864 shares in the company, valued at approximately $5,043,641.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider C Steven Guenthner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $55.90, for a total value of $1,118,000.00. Following the completion of the transaction, the insider now owns 166,951 shares of the company’s stock, valued at $9,332,560.90. The disclosure for this sale can be found here. Insiders have sold a total of 66,067 shares of company stock valued at $3,741,299 over the last 90 days. Corporate insiders own 13.10% of the company’s stock.
About Almost Family
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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