Insider Selling: Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells $339,217.64 in Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the completion of the sale, the insider now directly owns 1,453,948 shares in the company, valued at approximately $8,011,253.48. This represents a 4.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aveanna Healthcare Price Performance

NASDAQ:AVAH opened at $5.29 on Friday. Aveanna Healthcare Holdings Inc. has a one year low of $2.11 and a one year high of $6.19. The company has a market cap of $1.03 billion, a P/E ratio of -15.56 and a beta of 2.25. The firm’s fifty day moving average price is $4.65 and its two-hundred day moving average price is $4.96.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AVAH shares. UBS Group boosted their price objective on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a “sell” rating in a research report on Friday, March 14th. Truist Financial cut their price objective on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research report on Monday, January 6th.

Hedge Funds Weigh In On Aveanna Healthcare

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Aveanna Healthcare by 266.4% during the third quarter. JPMorgan Chase & Co. now owns 85,714 shares of the company’s stock worth $446,000 after purchasing an additional 62,319 shares during the period. State Street Corp lifted its position in Aveanna Healthcare by 0.9% during the third quarter. State Street Corp now owns 1,039,920 shares of the company’s stock worth $5,408,000 after purchasing an additional 9,446 shares during the period. XTX Topco Ltd bought a new stake in Aveanna Healthcare during the third quarter worth about $92,000. Barclays PLC lifted its position in Aveanna Healthcare by 80.1% during the third quarter. Barclays PLC now owns 122,689 shares of the company’s stock worth $637,000 after purchasing an additional 54,557 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Aveanna Healthcare by 11.1% in the fourth quarter. Rhumbline Advisers now owns 72,663 shares of the company’s stock worth $332,000 after acquiring an additional 7,257 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.