Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Up to $4.00

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.00, but opened at $4.12. Aveanna Healthcare shares last traded at $4.07, with a volume of 75,325 shares changing hands.

Aveanna Healthcare Trading Up 4.5 %

The business has a 50-day moving average price of $2.75 and a two-hundred day moving average price of $2.52. The stock has a market capitalization of $804.15 million, a P/E ratio of -6.93 and a beta of 2.07.

Aveanna Healthcare (NASDAQ:AVAH) last released its earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $490.65 million for the quarter, compared to the consensus estimate of $485.05 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, sell-side analysts forecast that Aveanna Healthcare Holdings Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Aveanna Healthcare

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in shares of Aveanna Healthcare by 24.6% during the 4th quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock worth $64,000 after buying an additional 4,721 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Aveanna Healthcare by 185.6% during the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock worth $72,000 after buying an additional 19,096 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Aveanna Healthcare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock worth $6,402,000 after buying an additional 44,970 shares during the last quarter. King Street Capital Management L.P. lifted its position in shares of Aveanna Healthcare by 50.6% during the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock worth $17,152,000 after buying an additional 2,150,000 shares during the last quarter. Finally, Littlejohn & Co. LLC lifted its position in shares of Aveanna Healthcare by 7.4% during the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock worth $20,859,000 after buying an additional 578,488 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

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.