Summit Global Investments Invests $103,000 in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Summit Global Investments acquired a new stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,587 shares of the company’s stock, valued at approximately $103,000.

Other institutional investors also recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd lifted its holdings in shares of Aveanna Healthcare by 321.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company’s stock valued at $54,000 after buying an additional 9,000 shares during the period. Arizona State Retirement System acquired a new stake in Aveanna Healthcare in the fourth quarter valued at $64,000. Intech Investment Management LLC purchased a new stake in shares of Aveanna Healthcare during the 3rd quarter worth $69,000. Legato Capital Management LLC purchased a new position in shares of Aveanna Healthcare in the 4th quarter valued at about $83,000. Finally, XTX Topco Ltd acquired a new stake in shares of Aveanna Healthcare in the third quarter valued at about $92,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Price Performance

Shares of NASDAQ AVAH opened at $5.50 on Wednesday. The firm’s 50-day moving average is $4.69 and its two-hundred day moving average is $4.95. The company has a market capitalization of $1.07 billion, a PE ratio of -16.18 and a beta of 2.25. Aveanna Healthcare Holdings Inc. has a 12-month low of $2.11 and a 12-month high of $6.19.

Wall Street Analyst Weigh In

AVAH has been the subject of a number of research analyst reports. UBS Group increased their target price on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the company a “sell” rating in a report on Friday, March 14th. Truist Financial dropped their price objective on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a research note on Monday, January 6th.

Insider Activity at Aveanna Healthcare

In related news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $5.51, for a total value of $339,217.64. Following the completion of the transaction, the insider now owns 1,453,948 shares of the company’s stock, valued at approximately $8,011,253.48. The trade was a 4.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is owned by corporate insiders.

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.