Aveanna Healthcare (NASDAQ:AVAH) Major Shareholder J.H. Whitney Equity Partners V Sells 8,346,059 Shares

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder J.H. Whitney Equity Partners V sold 8,346,059 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $9.00, for a total value of $75,114,531.00. Following the transaction, the insider directly owned 20,544,696 shares of the company’s stock, valued at $184,902,264. The trade was a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aveanna Healthcare Price Performance

AVAH stock opened at $9.12 on Friday. The business’s 50-day moving average is $8.45 and its two-hundred day moving average is $6.12. The firm has a market capitalization of $1.91 billion, a P/E ratio of 114.00 and a beta of 2.05. Aveanna Healthcare Holdings Inc. has a 1 year low of $3.67 and a 1 year high of $10.32.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings data on Monday, May 22nd. The company reported $0.04 EPS for the quarter. The business had revenue of $450.53 million during the quarter. Aveanna Healthcare had a negative return on equity of 54.56% and a net margin of 0.85%. On average, analysts expect that Aveanna Healthcare Holdings Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

A number of hedge funds have recently added to or reduced their stakes in AVAH. Teacher Retirement System of Texas increased its position in Aveanna Healthcare by 50.9% during the 1st quarter. Teacher Retirement System of Texas now owns 49,881 shares of the company’s stock worth $270,000 after purchasing an additional 16,835 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Aveanna Healthcare by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 114,881 shares of the company’s stock valued at $623,000 after buying an additional 4,655 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Aveanna Healthcare during the first quarter worth $167,000. Mackenzie Financial Corp raised its position in Aveanna Healthcare by 145.9% in the first quarter. Mackenzie Financial Corp now owns 263,662 shares of the company’s stock worth $1,429,000 after acquiring an additional 156,439 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Aveanna Healthcare by 159.9% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 65,414 shares of the company’s stock valued at $355,000 after acquiring an additional 40,243 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Aveanna Healthcare from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Aveanna Healthcare in a research report on Wednesday, October 8th. Truist Financial dropped their target price on shares of Aveanna Healthcare from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, July 16th. UBS Group boosted their price target on shares of Aveanna Healthcare from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. raised Aveanna Healthcare from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $6.00 to $10.00 in a report on Thursday, September 18th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Aveanna Healthcare currently has an average rating of “Hold” and a consensus target price of $8.08.

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.