Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Down to $2.76

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price gapped down before the market opened on Monday . The stock had previously closed at $2.76, but opened at $2.61. Aveanna Healthcare shares last traded at $2.64, with a volume of 77,323 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Aveanna Healthcare from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1.80.

Aveanna Healthcare Stock Up 3.1 %

The stock’s fifty day moving average price is $2.54 and its 200 day moving average price is $2.48.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $490.65 million during the quarter, compared to the consensus estimate of $485.05 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, research analysts predict that Aveanna Healthcare Holdings Inc. will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Aveanna Healthcare by 24.6% during the 4th quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock worth $64,000 after acquiring an additional 4,721 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Aveanna Healthcare by 185.6% during the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after buying an additional 19,096 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Aveanna Healthcare by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after buying an additional 44,970 shares during the last quarter. King Street Capital Management L.P. lifted its position in shares of Aveanna Healthcare by 11.8% during the third quarter. King Street Capital Management L.P. now owns 4,250,000 shares of the company’s stock valued at $5,058,000 after buying an additional 450,000 shares during the last quarter. Finally, Littlejohn & Co. LLC lifted its position in shares of Aveanna Healthcare by 7.4% during the first quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock valued at $20,859,000 after buying an additional 578,488 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.