Almost Family Inc. (NASDAQ:AFAM) was upgraded by equities research analysts at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Royal Bank Of Canada raised shares of Almost Family from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $48.00 to $55.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $49.25.

Almost Family (NASDAQ:AFAM) opened at 40.80 on Wednesday. The firm has a 50-day moving average of $36.71 and a 200-day moving average of $39.88. Almost Family has a 52-week low of $34.08 and a 52-week high of $45.17. The stock has a market capitalization of $414.41 million, a PE ratio of 21.43 and a beta of 0.89.

Almost Family (NASDAQ:AFAM) last issued its earnings results 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. The company had revenue of $156 million for the quarter, compared to analyst estimates of $155.19 million. Almost Family had a net margin of 3.29% and a return on equity of 8.53%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. On average, equities analysts expect that Almost Family will post $2.45 EPS for the current year.

In other news, major shareholder North Tide Capital, Llc sold 36,200 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.42, for a total transaction of $1,463,204.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 13.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. purchased a new position in shares of Almost Family during the second quarter valued at approximately $211,000. Nationwide Fund Advisors increased its position in shares of Almost Family by 11.6% in the second quarter. Nationwide Fund Advisors now owns 7,079 shares of the company’s stock valued at $302,000 after buying an additional 735 shares during the period. Ameriprise Financial Inc. increased its position in shares of Almost Family by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 42,305 shares of the company’s stock valued at $1,802,000 after buying an additional 1,835 shares during the period. Chartwell Investment Partners LLC purchased a new position in shares of Almost Family during the second quarter valued at approximately $2,418,000. Finally, California State Teachers Retirement System increased its position in shares of Almost Family by 10.9% in the second quarter. California State Teachers Retirement System now owns 17,001 shares of the company’s stock valued at $724,000 after buying an additional 1,666 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

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).

5 Day Chart for NASDAQ:AFAM

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