Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Short Interest Up 6.0% in October

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,230,000 shares, an increase of 6.0% from the September 30th total of 1,160,000 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 341,700 shares, the days-to-cover ratio is currently 3.6 days.

Aveanna Healthcare Price Performance

Shares of NASDAQ AVAH opened at $4.65 on Friday. Aveanna Healthcare has a 1-year low of $1.34 and a 1-year high of $5.95. The stock’s 50-day moving average is $5.19 and its 200 day moving average is $3.81.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $504.96 million during the quarter, compared to analysts’ expectations of $494.02 million. Equities research analysts expect that Aveanna Healthcare will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVAH shares. Royal Bank of Canada lifted their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, UBS Group lifted their price target on Aveanna Healthcare from $1.70 to $2.80 and gave the company a “sell” rating in a research report on Friday, August 9th.

Hedge Funds Weigh In On Aveanna Healthcare

A number of large investors have recently bought and sold shares of the stock. Creative Planning increased its stake in Aveanna Healthcare by 21.3% in the 3rd quarter. Creative Planning now owns 48,502 shares of the company’s stock worth $252,000 after purchasing an additional 8,502 shares during the period. SG Americas Securities LLC purchased a new position in Aveanna Healthcare in the 3rd quarter worth approximately $101,000. Mackenzie Financial Corp increased its stake in Aveanna Healthcare by 35.9% in the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock worth $126,000 after purchasing an additional 12,075 shares during the period. Renaissance Technologies LLC increased its stake in shares of Aveanna Healthcare by 155.8% during the second quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock valued at $438,000 after buying an additional 96,600 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Aveanna Healthcare by 176.6% during the second quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock valued at $222,000 after buying an additional 51,890 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.