Almost Family Inc (NASDAQ:AFAM) Shares Bought by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. raised its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,725 shares of the company’s stock after buying an additional 890 shares during the period. PNC Financial Services Group Inc.’s holdings in Almost Family were worth $570,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its position in shares of Almost Family by 32.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock valued at $127,000 after buying an additional 640 shares during the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Almost Family during the first quarter valued at approximately $135,000. Mason Street Advisors LLC raised its position in shares of Almost Family by 43.0% in the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock valued at $135,000 after buying an additional 839 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Almost Family by 9.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the company’s stock valued at $142,000 after buying an additional 251 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Almost Family during the first quarter valued at approximately $159,000. 83.03% of the stock is currently owned by institutional investors.
Shares of Almost Family Inc (NASDAQ:AFAM) traded down 0.63% during trading on Thursday, hitting $47.20. 159,101 shares of the stock traded hands. The company has a 50 day moving average of $58.33 and a 200-day moving average of $52.41. The company has a market cap of $657.97 million, a PE ratio of 29.32 and a beta of 0.43. Almost Family Inc has a 1-year low of $35.21 and a 1-year high of $62.95.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The firm had revenue of $201.31 million for the quarter, compared to analyst estimates of $204.79 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, equities analysts anticipate that Almost Family Inc will post $2.38 EPS for the current fiscal year.
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Several brokerages recently commented on AFAM. Robert W. Baird lowered shares of Almost Family from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $55.00 to $64.00 in a research report on Monday, July 10th. BidaskClub lowered shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price target on shares of Almost Family in a report on Tuesday, June 13th. Bank of America Corporation reiterated a “neutral” rating and set a $57.00 price objective (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Finally, Zacks Investment Research downgraded shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.60.
In related news, insider C Steven Guenthner sold 20,000 shares of Almost Family stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $55.90, for a total value of $1,118,000.00. Following the transaction, the insider now directly owns 166,951 shares of the company’s stock, valued at $9,332,560.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Shermyen sold 3,000 shares of Almost Family stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $61.61, for a total value of $184,830.00. Following the completion of the transaction, the senior vice president now directly owns 81,864 shares in the company, valued at $5,043,641.04. The disclosure for this sale can be found here. Insiders have sold 76,942 shares of company stock worth $4,350,980 over the last three months. Insiders own 13.10% of the company’s stock.
About Almost Family
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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