Zacks Investment Research Downgrades Almost Family Inc. (AFAM) to Hold
Almost Family Inc. (NASDAQ:AFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “
Shares of Almost Family (NASDAQ:AFAM) traded up 2.76% during mid-day trading on Tuesday, hitting $37.21. The stock had a trading volume of 57,529 shares. The stock’s 50-day moving average is $36.78 and its 200 day moving average is $39.80. Almost Family has a 1-year low of $34.08 and a 1-year high of $45.17. The firm has a market capitalization of $377.94 million, a price-to-earnings ratio of 19.54 and a beta of 0.89.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.03. Almost Family had a return on equity of 8.53% and a net margin of 3.29%. The company had revenue of $156 million for the quarter, compared to the consensus estimate of $155.19 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. Equities research analysts predict that Almost Family will post $2.45 EPS for the current fiscal year.
In other news, major shareholder North Tide Capital, Llc sold 62,500 shares of Almost Family stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $44.14, for a total transaction of $2,758,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BlackRock Advisors LLC increased its stake in Almost Family by 9.8% in the second quarter. BlackRock Advisors LLC now owns 4,121 shares of the company’s stock valued at $176,000 after buying an additional 368 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Almost Family during the second quarter valued at $211,000. Citigroup Inc. increased its stake in Almost Family by 8.0% in the second quarter. Citigroup Inc. now owns 5,530 shares of the company’s stock valued at $236,000 after buying an additional 410 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in Almost Family during the second quarter valued at $242,000. Finally, American International Group Inc. increased its stake in Almost Family by 7.3% in the second quarter. American International Group Inc. now owns 6,135 shares of the company’s stock valued at $261,000 after buying an additional 418 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.
Almost Family Company Profile
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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