BidaskClub downgraded shares of Almost Family Inc (NASDAQ:AFAM) from a buy rating to a hold rating in a report released on Monday, July 24th.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Almost Family from a sell rating to a hold rating in a research report on Monday, May 15th. Robert W. Baird cut shares of Almost Family from an outperform rating to a neutral rating and upped their price objective for the stock from $55.00 to $64.00 in a research report on Monday, July 10th. Bank of America Corporation reiterated a neutral rating and issued a $57.00 target price (up from $52.00) on shares of Almost Family in a research report on Wednesday, May 17th. Royal Bank Of Canada reiterated a buy rating and issued a $63.00 target price on shares of Almost Family in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $58.00 target price on shares of Almost Family in a research report on Friday, March 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Almost Family currently has an average rating of Hold and an average price target of $57.60.

Shares of Almost Family (NASDAQ:AFAM) traded up 0.93% during mid-day trading on Monday, reaching $48.95. 245,764 shares of the company’s stock were exchanged. The company’s 50 day moving average is $53.33 and its 200 day moving average is $52.38. Almost Family has a 1-year low of $35.21 and a 1-year high of $62.95. The stock has a market capitalization of $671.45 million, a PE ratio of 33.32 and a beta of 0.43.

Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $205.48 million. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Equities research analysts anticipate that Almost Family will post $2.36 EPS for the current fiscal year.

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In related news, VP Jeff Reibel sold 2,700 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $56.40, for a total value of $152,280.00. Following the completion of the sale, the vice president now owns 7,664 shares of the company’s stock, valued at $432,249.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Shermyen sold 3,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $61.61, for a total transaction of $184,830.00. Following the completion of the sale, the senior vice president now directly owns 81,864 shares of the company’s stock, valued at approximately $5,043,641.04. The disclosure for this sale can be found here. Insiders sold 36,067 shares of company stock valued at $2,036,699 in the last three months. 13.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Almost Family by 188.8% in the first quarter. Wells Fargo & Company MN now owns 23,048 shares of the company’s stock valued at $1,120,000 after buying an additional 15,067 shares during the period. State Street Corp raised its position 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 during the period. First National Bank of Omaha bought a new position in shares of Almost Family during the first quarter valued at $771,000. PNC Financial Services Group Inc. raised its position in shares of Almost Family by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 11,725 shares of the company’s stock valued at $570,000 after buying an additional 890 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Almost Family by 403.9% in the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock valued at $27,952,000 after buying an additional 461,002 shares during the period. 83.94% of the stock is owned by institutional investors.

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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