Almost Family (AFAM) Lowered to “Hold” at ValuEngine
ValuEngine downgraded shares of Almost Family (NASDAQ:AFAM) from a buy rating to a hold rating in a research note issued to investors on Friday.
Other analysts have also recently issued reports about the company. Jefferies Group restated a buy rating and issued a $58.00 target price on shares of Almost Family in a research report on Friday, November 3rd. Royal Bank Of Canada cut Almost Family from an outperform rating to a sector perform rating and raised their target price for the company from $54.00 to $62.00 in a research report on Monday, November 20th. SunTrust Banks set a $73.00 target price on Almost Family and gave the company a hold rating in a research report on Friday, November 17th. Robert W. Baird restated a hold rating and issued a $55.00 target price on shares of Almost Family in a research report on Tuesday, September 19th. Finally, Zacks Investment Research cut Almost Family from a hold rating to a sell rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $62.33.
Almost Family (NASDAQ:AFAM) traded down $0.15 on Friday, reaching $59.25. The company had a trading volume of 255,570 shares, compared to its average volume of 193,301. Almost Family has a 12-month low of $39.34 and a 12-month high of $66.15. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $825.34, a PE ratio of 27.89, a P/E/G ratio of 2.88 and a beta of 0.39.
In other news, SVP John Shermyen sold 2,000 shares of Almost Family stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total transaction of $104,000.00. Following the transaction, the senior vice president now directly owns 79,864 shares in the company, valued at approximately $4,152,928. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Goldberg sold 10,000 shares of Almost Family stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total value of $600,800.00. Following the transaction, the director now owns 44,803 shares in the company, valued at $2,691,764.24. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Almost Family by 4.7% during the 2nd quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock worth $93,979,000 after acquiring an additional 68,221 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Almost Family by 6.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock worth $56,674,000 after purchasing an additional 66,316 shares during the last quarter. Vanguard Group Inc. raised its position in Almost Family by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock worth $41,277,000 after purchasing an additional 32,227 shares during the last quarter. Ameriprise Financial Inc. raised its position in Almost Family by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock worth $40,997,000 after purchasing an additional 89,827 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Almost Family by 1.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 586,370 shares of the company’s stock worth $36,150,000 after purchasing an additional 9,706 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.
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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