Aveanna Healthcare (NASDAQ:AVAH) Trading 6% Higher

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares traded up 6% on Wednesday . The stock traded as high as $5.33 and last traded at $5.33. 67,846 shares were traded during trading, a decline of 58% from the average session volume of 161,838 shares. The stock had previously closed at $5.03.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, August 9th. UBS Group upped their price objective on shares of Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada upped their price objective on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th.

Aveanna Healthcare Price Performance

The company’s fifty day simple moving average is $4.45 and its 200 day simple moving average is $3.16.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $504.96 million during the quarter, compared to the consensus estimate of $494.02 million. On average, sell-side analysts predict that Aveanna Healthcare Holdings Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in Aveanna Healthcare by 185.6% during the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after purchasing an additional 19,096 shares in the last quarter. Mackenzie Financial Corp increased its stake in Aveanna Healthcare by 35.9% during the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after purchasing an additional 12,075 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Aveanna Healthcare by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock valued at $413,000 after purchasing an additional 9,243 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Aveanna Healthcare by 155.8% during the 2nd quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock valued at $438,000 after acquiring an additional 96,600 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Aveanna Healthcare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after acquiring an additional 44,970 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

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.