Almost Family Inc (AFAM) Earns Hold Rating from Robert W. Baird
Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Almost Family from a buy rating to a hold rating in a research note on Monday, July 24th. Royal Bank Of Canada restated a buy rating and set a $63.00 target price on shares of Almost Family in a research note on Tuesday, June 13th. ValuEngine upgraded shares of Almost Family from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Almost Family from a hold rating to a sell rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Almost Family presently has a consensus rating of Hold and an average target price of $55.80.
Almost Family (NASDAQ AFAM) opened at 46.45 on Tuesday. The stock has a market cap of $637.15 million, a PE ratio of 31.62 and a beta of 0.44. The firm has a 50-day moving average of $48.04 and a 200-day moving average of $52.41. Almost Family has a 1-year low of $35.80 and a 1-year high of $62.95.
Almost Family (NASDAQ:AFAM) last released its earnings results on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The company had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $205.48 million. During the same quarter last year, the business earned $0.61 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. Analysts expect that Almost Family will post $2.36 EPS for the current fiscal year.
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In other news, SVP John Shermyen sold 3,000 shares of Almost Family stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $61.61, for a total transaction 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 available at this link. Company insiders own 13.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock valued at $131,000 after purchasing an additional 860 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Almost Family by 78.3% in the second quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock valued at $145,000 after purchasing an additional 1,034 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings 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 purchasing an additional 640 shares in the last quarter. Mason Street Advisors LLC grew its holdings 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 purchasing an additional 839 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings 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 purchasing an additional 251 shares in the last quarter. 85.48% of the stock is owned by hedge funds and other 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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