Zacks Investment Research upgraded shares of Almost Family Inc (NASDAQ:AFAM) from a sell rating to a hold rating in a report released on Monday morning.

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. “

AFAM has been the topic of several other research reports. Royal Bank of Canada reiterated an outperform rating and issued a $56.00 price objective (up previously from $55.00) on shares of Almost Family in a report on Thursday, March 16th. Jefferies Group LLC reissued a buy rating and issued a $58.00 target price on shares of Almost Family in a research note on Friday, March 31st. Finally, Bank of America Corp began coverage on Almost Family in a research report on Tuesday, January 24th. They set a neutral rating and a $49.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Almost Family presently has a consensus rating of Buy and a consensus price target of $54.40.

Almost Family (NASDAQ:AFAM) opened at 56.45 on Monday. The firm has a market capitalization of $716.58 million, a PE ratio of 35.71 and a beta of 0.72. Almost Family has a one year low of $35.21 and a one year high of $57.90. The firm has a 50-day moving average price of $49.98 and a 200 day moving average price of $46.43.

Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. Almost Family had a return on equity of 8.86% and a net margin of 2.74%. The business had revenue of $201.31 million for the quarter, compared to the consensus estimate of $204.79 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. Analysts anticipate that Almost Family will post $2.49 EPS for the current fiscal year.

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In other Almost Family news, Director Steven B. Bing sold 875 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $49.35, for a total transaction of $43,181.25. Following the completion of the transaction, the director now owns 13,599 shares of the company’s stock, valued at approximately $671,110.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William B. Yarmuth sold 30,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $56.82, for a total transaction of $1,704,600.00. Following the transaction, the chief executive officer now directly owns 430,794 shares of the company’s stock, valued at approximately $24,477,715.08. The disclosure for this sale can be found here. Insiders sold a total of 40,875 shares of company stock valued at $2,314,281 in the last ninety days. 13.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. increased its position in Almost Family by 2.9% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 34,525 shares of the company’s stock valued at $1,523,000 after buying an additional 980 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Almost Family by 12.3% in the fourth quarter. Public Sector Pension Investment Board now owns 6,379 shares of the company’s stock valued at $281,000 after buying an additional 700 shares in the last quarter. State Street Corp boosted its stake in shares of Almost Family by 16.9% in the fourth quarter. State Street Corp now owns 224,290 shares of the company’s stock valued at $9,892,000 after buying an additional 32,357 shares in the last quarter. Oxford Asset Management boosted its stake in shares of Almost Family by 74.5% in the fourth quarter. Oxford Asset Management now owns 57,426 shares of the company’s stock valued at $2,532,000 after buying an additional 24,516 shares in the last quarter. Finally, First National Bank of Omaha acquired a new stake in shares of Almost Family during the first quarter valued at about $771,000. 56.02% of the stock is owned by institutional investors and hedge funds.

Almost Family Company Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

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