Aveanna Healthcare (NASDAQ:AVAH) Sets New 12-Month High After Analyst Upgrade

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) hit a new 52-week high on Friday after UBS Group raised their price target on the stock from $1.70 to $2.80. UBS Group currently has a sell rating on the stock. Aveanna Healthcare traded as high as $4.95 and last traded at $4.84, with a volume of 69779 shares trading hands. The stock had previously closed at $4.53.

Hedge Funds Weigh In On Aveanna Healthcare

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its stake 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 valued at $64,000 after buying an additional 4,721 shares during the period. Acadian Asset Management LLC boosted its holdings 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 valued at $72,000 after buying an additional 19,096 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Aveanna Healthcare by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock worth $413,000 after buying an additional 9,243 shares during the period. Vanguard Group Inc. increased its stake in shares of Aveanna Healthcare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock worth $6,402,000 after acquiring an additional 44,970 shares in the last quarter. Finally, King Street Capital Management L.P. lifted 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 acquiring an additional 2,150,000 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Stock Up 9.5 %

The stock’s fifty day simple moving average is $3.11 and its two-hundred day simple moving average is $2.67. The firm has a market cap of $954.20 million, a PE ratio of -8.27 and a beta of 2.08.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings data 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 period last year, the business earned ($0.06) EPS. On average, equities research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.13 earnings per share for the current fiscal year.

Aveanna Healthcare Company Profile

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.