Aveanna Healthcare (NASDAQ:AVAH) Stock Price Down 6% Following Insider Selling

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) traded down 6% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $5.09 and last traded at $5.14. 215,932 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 236,904 shares. The stock had previously closed at $5.46.

Specifically, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 1,453,948 shares in the company, valued at approximately $8,011,253.48. The trade was a 4.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AVAH shares. Truist Financial lowered their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a report on Monday, January 6th. UBS Group lifted their target price on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a research note on Friday, March 14th.

Aveanna Healthcare Stock Performance

The company has a market capitalization of $1.03 billion, a PE ratio of -15.56 and a beta of 2.25. The stock has a fifty day moving average of $4.65 and a 200 day moving average of $4.96.

Institutional Trading of Aveanna Healthcare

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Aveanna Healthcare by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,699 shares of the company’s stock worth $246,000 after acquiring an additional 2,649 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Aveanna Healthcare by 15.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,171 shares of the company’s stock worth $115,000 after purchasing an additional 3,407 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Aveanna Healthcare by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock worth $2,133,000 after purchasing an additional 4,047 shares during the last quarter. SG Americas Securities LLC raised its holdings in Aveanna Healthcare by 26.0% in the 4th quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock valued at $111,000 after buying an additional 5,031 shares during the period. Finally, Intech Investment Management LLC lifted its position in Aveanna Healthcare by 42.0% in the fourth quarter. Intech Investment Management LLC now owns 18,813 shares of the company’s stock valued at $86,000 after buying an additional 5,566 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.