Braidwell LP Has $26.27 Million Stock Position in Aveanna Healthcare Holdings Inc. $AVAH

Braidwell LP boosted its position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 39.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,065,106 shares of the company’s stock after acquiring an additional 861,600 shares during the quarter. Braidwell LP’s holdings in Aveanna Healthcare were worth $26,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVAH. Dynamic Technology Lab Private Ltd increased its stake in shares of Aveanna Healthcare by 8.9% in the third quarter. Dynamic Technology Lab Private Ltd now owns 14,149 shares of the company’s stock worth $126,000 after purchasing an additional 1,151 shares during the period. Barclays PLC grew its holdings in Aveanna Healthcare by 0.8% in the 3rd quarter. Barclays PLC now owns 179,359 shares of the company’s stock valued at $1,591,000 after buying an additional 1,366 shares during the last quarter. Franklin Resources Inc. increased its position in Aveanna Healthcare by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 35,630 shares of the company’s stock worth $316,000 after buying an additional 1,528 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Aveanna Healthcare by 9.8% during the fourth quarter. Intech Investment Management LLC now owns 19,483 shares of the company’s stock worth $159,000 after buying an additional 1,739 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Aveanna Healthcare by 252.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,351 shares of the company’s stock valued at $27,000 after acquiring an additional 2,400 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Aveanna Healthcare Stock Performance

Shares of NASDAQ:AVAH opened at $13.20 on Thursday. The company has a debt-to-equity ratio of 4.47, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $8.23. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $14.00. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.97.

Aveanna Healthcare (NASDAQ:AVAH) last issued its earnings results on Thursday, August 13th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $670.48 million for the quarter, compared to the consensus estimate of $638.61 million. Aveanna Healthcare had a net margin of 10.56% and a return on equity of 80.70%. As a group, analysts predict that Aveanna Healthcare Holdings Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

AVAH has been the topic of several research analyst reports. BMO Capital Markets raised their price target on shares of Aveanna Healthcare from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Barclays lifted their price objective on Aveanna Healthcare from $9.50 to $15.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Aveanna Healthcare in a research note on Thursday, July 2nd. Raymond James Financial lifted their price target on shares of Aveanna Healthcare from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen cut shares of Aveanna Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Insider Activity at Aveanna Healthcare

In other news, insider Edwin C. Reisz sold 50,000 shares of Aveanna Healthcare stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $11.50, for a total value of $575,000.00. Following the completion of the transaction, the insider owned 1,397,897 shares in the company, valued at approximately $16,075,815.50. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Paul R. Vigano sold 2,250,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $11.50, for a total value of $25,875,000.00. Following the sale, the insider owned 12,315,892 shares in the company, valued at approximately $141,632,758. This trade represents a 15.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 59,904,505 shares of company stock valued at $649,301,514. Insiders own 5.30% of the company’s stock.

About Aveanna Healthcare

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.