The Manufacturers Life Insurance Company raised its stake in Almost Family Inc (NASDAQ:AFAM) by 37.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,799 shares of the company’s stock after buying an additional 2,672 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Almost Family worth $603,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capstone Asset Management Co. raised its stake in shares of Almost Family by 0.3% during the second quarter. Capstone Asset Management Co. now owns 6,663 shares of the company’s stock valued at $411,000 after acquiring an additional 20 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Almost Family by 0.6% during the second quarter. PNC Financial Services Group Inc. now owns 11,795 shares of the company’s stock valued at $727,000 after acquiring an additional 70 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Almost Family by 0.8% during the second quarter. Texas Permanent School Fund now owns 8,704 shares of the company’s stock valued at $537,000 after acquiring an additional 73 shares during the last quarter. Eagle Global Advisors LLC raised its stake in shares of Almost Family by 1.4% during the second quarter. Eagle Global Advisors LLC now owns 6,132 shares of the company’s stock valued at $378,000 after acquiring an additional 82 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Almost Family by 7.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,810 shares of the company’s stock valued at $173,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine downgraded shares of Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co raised their price target on shares of Almost Family to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. SunTrust Banks, Inc. set a $52.00 price target on shares of Almost Family and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Almost Family in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $60.67.

In related news, SVP John Shermyen sold 2,000 shares of Almost Family stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the completion of the transaction, the senior vice president now owns 79,864 shares of the company’s stock, valued at $4,152,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Goldberg sold 10,000 shares of Almost Family stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $60.08, for a total transaction of $600,800.00. Following the transaction, the director now directly owns 44,803 shares of the company’s stock, valued at approximately $2,691,764.24. The disclosure for this sale can be found here. 13.10% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Almost Family Inc (AFAM) Shares Bought by The Manufacturers Life Insurance Company” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/22/almost-family-inc-afam-shares-bought-by-the-manufacturers-life-insurance-company.html.

Almost Family Inc (NASDAQ:AFAM) opened at $61.35 on Wednesday. Almost Family Inc has a 52 week low of $39.34 and a 52 week high of $62.95. The firm has a market cap of $850.65, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.99 and a beta of 0.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40.

Almost Family (NASDAQ:AFAM) last announced its earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The business had revenue of $194.30 million during the quarter, compared to the consensus estimate of $199.93 million. During the same quarter last year, the firm earned $0.66 earnings per share. Almost Family’s quarterly revenue was up 21.1% on a year-over-year basis. analysts expect that Almost Family Inc will post 2.08 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding AFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Almost Family Inc (NASDAQ:AFAM).

Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

Receive News & Stock Ratings for Almost Family Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almost Family Inc and related stocks with our FREE daily email newsletter.