5,400 Shares in Almost Family Inc (AFAM) Acquired by Numeric Investors LLC
Numeric Investors LLC purchased a new position in Almost Family Inc (NASDAQ:AFAM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,400 shares of the company’s stock, valued at approximately $333,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capstone Asset Management Co. increased its holdings in Almost Family by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 6,663 shares of the company’s stock worth $411,000 after acquiring an additional 20 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Almost Family by 0.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,795 shares of the company’s stock worth $727,000 after acquiring an additional 70 shares in the last quarter. Texas Permanent School Fund increased its holdings in Almost Family by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 8,704 shares of the company’s stock worth $537,000 after acquiring an additional 73 shares in the last quarter. Eagle Global Advisors LLC increased its holdings in Almost Family by 1.4% in the 2nd quarter. Eagle Global Advisors LLC now owns 6,132 shares of the company’s stock worth $378,000 after acquiring an additional 82 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Almost Family by 7.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,810 shares of the company’s stock worth $173,000 after acquiring an additional 190 shares in the last quarter. 85.48% of the stock is owned by institutional investors.
Shares of Almost Family Inc (NASDAQ AFAM) opened at 46.65 on Tuesday. The stock has a market cap of $639.90 million, a price-to-earnings ratio of 31.76 and a beta of 0.47. Almost Family Inc has a one year low of $36.39 and a one year high of $62.95. The company has a 50-day moving average of $48.92 and a 200 day moving average of $52.56.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The business had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $205.48 million. During the same quarter last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities analysts forecast that Almost Family Inc will post $2.18 earnings per share for the current fiscal year.
AFAM has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Almost Family from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Robert W. Baird reissued a “hold” rating and issued a $55.00 price target on shares of Almost Family in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $57.40.
In other news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the transaction, the senior vice president now owns 79,864 shares in the company, valued at $4,152,928. The sale 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.
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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