Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells $3,900,000.00 in Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder Paul R. Vigano sold 750,000 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $5.20, for a total value of $3,900,000.00. Following the transaction, the insider now directly owns 28,890,756 shares in the company, valued at $150,231,931.20. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aveanna Healthcare Stock Performance

NASDAQ:AVAH opened at $4.91 on Friday. Aveanna Healthcare Holdings Inc. has a 52-week low of $2.32 and a 52-week high of $6.19. The firm has a market cap of $957.91 million, a price-to-earnings ratio of -14.44 and a beta of 2.03. The business’s fifty day moving average is $5.09 and its 200 day moving average is $4.91.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AVAH shares. Truist Financial decreased their price objective on Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating on the stock in a research note on Friday, April 11th. UBS Group boosted their price objective on Aveanna Healthcare from $4.50 to $5.00 and gave the company a “sell” rating in a research note on Friday, May 9th.

Institutional Trading of Aveanna Healthcare

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. increased its stake in Aveanna Healthcare by 50.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company’s stock worth $2,437,000 after acquiring an additional 177,856 shares during the last quarter. Northern Trust Corp increased its stake in Aveanna Healthcare by 11.3% in the 4th quarter. Northern Trust Corp now owns 478,907 shares of the company’s stock worth $2,189,000 after acquiring an additional 48,572 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Aveanna Healthcare by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock worth $2,133,000 after acquiring an additional 4,047 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Aveanna Healthcare in the 4th quarter worth about $1,992,000. Finally, Millennium Management LLC increased its stake in Aveanna Healthcare by 105.0% in the 4th quarter. Millennium Management LLC now owns 400,374 shares of the company’s stock worth $1,830,000 after acquiring an additional 205,023 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Aveanna Healthcare Company Profile

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.