Aveanna Healthcare (NASDAQ:AVAH) Sees Large Volume Increase

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw unusually-strong trading volume on Monday . Approximately 77,306 shares were traded during trading, a decline of 29% from the previous session’s volume of 108,646 shares.The stock last traded at $3.61 and had previously closed at $3.44.

Aveanna Healthcare Stock Down 10.4 %

The company has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.54. The stock has a market cap of $782.99 million, a PE ratio of -6.78 and a beta of 2.07.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $490.65 million during the quarter, compared to analysts’ expectations of $485.05 million. During the same period last year, the firm earned ($0.06) earnings per share. As a group, research analysts predict that Aveanna Healthcare Holdings Inc. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

Several institutional investors have recently added to or reduced their stakes in AVAH. SG Americas Securities LLC boosted its holdings in shares of Aveanna Healthcare by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock worth $64,000 after purchasing an additional 4,721 shares during the period. King Street Capital Management L.P. raised its position in 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 valued at $17,152,000 after purchasing an additional 2,150,000 shares during the last quarter. Nut Tree Capital Management LP lifted its holdings in Aveanna Healthcare by 11.7% in the 4th quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock worth $33,159,000 after buying an additional 1,296,045 shares during the period. Littlejohn & Co. LLC grew its position in shares of Aveanna Healthcare by 7.4% in 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. Finally, Vanguard Group Inc. increased its stake in shares of Aveanna Healthcare by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after buying an additional 44,970 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.