Wells Fargo & Company MN Has $1.75 Million Stake in Almost Family Inc (AFAM)
Wells Fargo & Company MN lifted its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 30.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,495 shares of the company’s stock after acquiring an additional 7,567 shares during the period. Wells Fargo & Company MN’s holdings in Almost Family were worth $1,745,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of AFAM. Schwab Charles Investment Management Inc. raised its holdings in shares of Almost Family by 17.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,100 shares of the company’s stock worth $1,301,000 after acquiring an additional 3,200 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Almost Family by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 142,513 shares of the company’s stock worth $8,786,000 after acquiring an additional 4,329 shares during the period. Legal & General Group Plc raised its holdings in shares of Almost Family by 11.0% during the 2nd quarter. Legal & General Group Plc now owns 22,109 shares of the company’s stock worth $1,362,000 after acquiring an additional 2,192 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Almost Family by 47.1% during the 2nd 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. Finally, Victory Capital Management Inc. raised its holdings in shares of Almost Family by 17.7% during the 2nd 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. Institutional investors and hedge funds own 84.90% of the company’s stock.
Shares of Almost Family Inc (AFAM) opened at $57.80 on Friday. The stock has a market cap of $834.58, a PE ratio of 48.17, a P/E/G ratio of 2.33 and a beta of 0.52. Almost Family Inc has a fifty-two week low of $40.15 and a fifty-two week high of $66.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. Almost Family’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. equities analysts predict that Almost Family Inc will post 2.12 earnings per share for the current year.
Several analysts recently issued reports on the stock. Royal Bank of Canada lowered shares of Almost Family from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $54.00 to $62.00 in a report on Monday, November 20th. Robert W. Baird set a $65.00 price objective on shares of Almost Family and gave the company a “hold” rating in a report on Tuesday, November 28th. ValuEngine lowered shares of Almost Family from a “buy” rating to a “hold” rating in a report on Friday, December 1st. JPMorgan Chase & Co. assumed coverage on shares of Almost Family in a report on Monday, October 9th. They issued a “neutral” rating and a $54.00 price objective on the stock. Finally, Jefferies Group restated a “buy” rating and issued a $58.00 price objective on shares of Almost Family in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Almost Family currently has an average rating of “Hold” and a consensus target price of $62.33.
In other Almost Family news, Director Jonathan Goldberg sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $60.08, for a total transaction of $600,800.00. Following the sale, the director now directly owns 44,803 shares in the company, valued at $2,691,764.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.10% of the stock is currently owned by insiders.
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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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