Scout Investments Inc. Invests $3.68 Million in Almost Family Inc (AFAM)
Scout Investments Inc. bought a new position in shares of Almost Family Inc (NASDAQ:AFAM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 59,675 shares of the company’s stock, valued at approximately $3,679,000. Scout Investments Inc. owned about 0.47% of Almost Family at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AFAM. FMR LLC increased its position in Almost Family by 33.5% in the first quarter. FMR LLC now owns 2,077,849 shares of the company’s stock worth $100,984,000 after buying an additional 521,870 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Almost Family by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 919,584 shares of the company’s stock worth $44,692,000 after buying an additional 46,958 shares during the last quarter. Vanguard Group Inc. increased its position in Almost Family by 33.0% in the first quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock worth $30,973,000 after buying an additional 157,955 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Almost Family by 1,571.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,664 shares of the company’s stock worth $28,026,000 after buying an additional 542,172 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Almost Family by 403.9% in the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock worth $27,952,000 after buying an additional 461,002 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.
Almost Family Inc (NASDAQ:AFAM) opened at 49.10 on Friday. Almost Family Inc has a 52-week low of $35.21 and a 52-week high of $62.95. The company’s 50 day moving average is $50.15 and its 200-day moving average is $52.40. The firm has a market cap of $673.50 million, a P/E ratio of 33.42 and a beta of 0.44.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $200.70 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts predict that Almost Family Inc will post $2.36 EPS for the current fiscal year.
AFAM has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America Corporation reiterated a “neutral” rating and set a $57.00 target price (up previously 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 set a $63.00 target price on shares of Almost Family in a research report on Tuesday, June 13th. Finally, BidaskClub downgraded shares of Almost Family from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Almost Family presently has an average rating of “Hold” and an average price target of $57.60.
In related news, SVP John Shermyen sold 3,000 shares of Almost Family stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $61.61, for a total value of $184,830.00. Following the sale, the senior vice president now owns 81,864 shares in the company, valued at $5,043,641.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.10% of the company’s stock.
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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