Renaissance Technologies LLC Lowers Stock Position in Aveanna Healthcare Holdings Inc. $AVAH

Renaissance Technologies LLC decreased its holdings in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 8.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 905,943 shares of the company’s stock after selling 88,573 shares during the period. Renaissance Technologies LLC’s holdings in Aveanna Healthcare were worth $5,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AVAH. Vanguard Group Inc. boosted its stake in shares of Aveanna Healthcare by 38.0% in the fourth quarter. Vanguard Group Inc. now owns 5,577,010 shares of the company’s stock valued at $45,564,000 after buying an additional 1,535,351 shares in the last quarter. Geode Capital Management LLC grew its holdings in Aveanna Healthcare by 17.7% during the fourth quarter. Geode Capital Management LLC now owns 1,849,057 shares of the company’s stock worth $15,110,000 after acquiring an additional 278,429 shares during the period. Nuveen LLC raised its position in Aveanna Healthcare by 135.9% in the fourth quarter. Nuveen LLC now owns 1,571,308 shares of the company’s stock worth $12,838,000 after acquiring an additional 905,316 shares in the last quarter. State Street Corp lifted its holdings in Aveanna Healthcare by 20.9% in the fourth quarter. State Street Corp now owns 1,483,265 shares of the company’s stock valued at $12,118,000 after acquiring an additional 256,392 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Aveanna Healthcare by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,334,374 shares of the company’s stock valued at $8,593,000 after acquiring an additional 441,707 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Aveanna Healthcare Stock Down 0.3%

AVAH opened at $9.33 on Thursday. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.93 and a beta of 1.90. Aveanna Healthcare Holdings Inc. has a one year low of $3.74 and a one year high of $10.32. The business’s fifty day moving average is $8.53 and its two-hundred day moving average is $7.71.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $647.91 million during the quarter, compared to analysts’ expectations of $613.22 million. Aveanna Healthcare had a return on equity of 124.68% and a net margin of 10.37%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts anticipate that Aveanna Healthcare Holdings Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on AVAH shares. Barclays boosted their target price on shares of Aveanna Healthcare from $9.00 to $9.50 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Stephens upgraded shares of Aveanna Healthcare from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $11.00 in a research note on Friday, May 15th. Truist Financial boosted their price objective on shares of Aveanna Healthcare from $9.00 to $11.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Royal Bank Of Canada upgraded shares of Aveanna Healthcare from a “sector perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aveanna Healthcare in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.78.

Insider Buying and Selling at Aveanna Healthcare

In other Aveanna Healthcare news, major shareholder Robert M. Williams, Jr. sold 3,000,000 shares of Aveanna Healthcare stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $8.01, for a total transaction of $24,030,000.00. Following the completion of the transaction, the insider owned 190,130 shares in the company, valued at approximately $1,522,941.30. The trade was a 94.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder J.H. Whitney Equity Partners V sold 2,419,035 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $8.01, for a total transaction of $19,376,470.35. Following the completion of the sale, the insider directly owned 10,112,123 shares in the company, valued at $80,998,105.23. This trade represents a 19.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,305,664 shares of company stock valued at $215,555,910 in the last quarter. Insiders own 5.30% of the company’s stock.

Aveanna Healthcare Company Profile

Aveanna Healthcare, Inc (NASDAQ: AVAH) is a national provider of in-home health care services, specializing in pediatric skilled nursing, therapy, and related support for medically complex and chronically ill children. The company delivers a range of clinical and therapeutic solutions designed to enable patients to receive care in the comfort of their own homes, reducing the need for hospital stays and long-term institutional care. Aveanna’s offerings include registered nursing, physical, occupational and speech therapy, behavioral health counseling, and durable medical equipment coordination.

In addition to pediatric home health services, Aveanna operates adult home health and personal care support programs, assisting elderly and disabled adults with daily living activities, medication management, and rehabilitation therapies.