First Eagle Investment Management LLC Takes $1.99 Million Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

First Eagle Investment Management LLC acquired a new stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the fourth quarter, Holdings Channel reports. The fund acquired 435,858 shares of the company’s stock, valued at approximately $1,992,000.

Other hedge funds also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Aveanna Healthcare by 15.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company’s stock valued at $115,000 after purchasing an additional 3,407 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Aveanna Healthcare by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock valued at $2,133,000 after buying an additional 4,047 shares during the last quarter. SG Americas Securities LLC boosted its stake in Aveanna Healthcare by 26.0% during the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock worth $111,000 after buying an additional 5,031 shares during the period. Rhumbline Advisers raised its stake in shares of Aveanna Healthcare by 11.1% in the 4th quarter. Rhumbline Advisers now owns 72,663 shares of the company’s stock valued at $332,000 after acquiring an additional 7,257 shares during the period. Finally, State Street Corp lifted its holdings in shares of Aveanna Healthcare by 0.9% in the 3rd quarter. State Street Corp now owns 1,039,920 shares of the company’s stock worth $5,408,000 after acquiring an additional 9,446 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Aveanna Healthcare Stock Up 1.0 %

Shares of AVAH opened at $5.19 on Monday. The company has a market cap of $1.00 billion, a P/E ratio of -15.26 and a beta of 2.25. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $6.19. The firm’s 50 day moving average price is $4.56 and its 200 day moving average price is $4.96.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Truist Financial dropped their target price on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a report on Monday, January 6th. UBS Group lifted their price objective on Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a research note on Friday.

About Aveanna Healthcare

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.