Raymond James Financial Inc. Purchases New Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Raymond James Financial Inc. acquired a new position in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 33,923 shares of the company’s stock, valued at approximately $155,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in shares of Aveanna Healthcare by 127.4% in the third quarter. Jane Street Group LLC now owns 118,803 shares of the company’s stock valued at $618,000 after purchasing an additional 66,561 shares during the period. Geode Capital Management LLC lifted its holdings in Aveanna Healthcare by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,401,016 shares of the company’s stock worth $7,287,000 after buying an additional 63,190 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Aveanna Healthcare by 266.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,714 shares of the company’s stock valued at $446,000 after buying an additional 62,319 shares during the last quarter. Barclays PLC grew its stake in shares of Aveanna Healthcare by 80.1% during the third quarter. Barclays PLC now owns 122,689 shares of the company’s stock valued at $637,000 after acquiring an additional 54,557 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new stake in shares of Aveanna Healthcare during the fourth quarter worth about $166,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Stock Performance

Shares of Aveanna Healthcare stock opened at $4.49 on Friday. Aveanna Healthcare Holdings Inc. has a 1 year low of $2.11 and a 1 year high of $6.19. The firm’s 50-day simple moving average is $4.79 and its 200-day simple moving average is $4.93. The firm has a market cap of $875.97 million, a PE ratio of -13.21 and a beta of 1.99.

Insider Buying and Selling at Aveanna Healthcare

In other Aveanna Healthcare news, major shareholder J.H. Whitney Equity Partners V sold 5,580 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $5.63, for a total transaction of $31,415.40. Following the completion of the sale, the insider now owns 1,451,598 shares in the company, valued at $8,172,496.74. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 67,412 shares of company stock worth $372,142 over the last quarter. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AVAH has been the subject of a number of analyst reports. Truist Financial reduced their price target on Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating for the company in a report on Friday. UBS Group increased their target price on 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 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.