Truist Financial Cuts Aveanna Healthcare (NASDAQ:AVAH) Price Target to $5.25

Aveanna Healthcare (NASDAQ:AVAH) had its price objective cut by Truist Financial from $6.00 to $5.25 in a research report report published on Monday,Benzinga reports. They currently have a hold rating on the stock.

Aveanna Healthcare Price Performance

AVAH stock opened at $4.67 on Monday. Aveanna Healthcare has a one year low of $2.00 and a one year high of $6.19. The stock has a market cap of $902.36 million, a price-to-earnings ratio of -13.73 and a beta of 2.25. The company has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $4.72.

Aveanna Healthcare (NASDAQ:AVAH) last announced its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $509.02 million for the quarter, compared to the consensus estimate of $495.80 million. During the same period in the previous year, the firm posted ($0.05) EPS. Research analysts anticipate that Aveanna Healthcare will post -0.08 EPS for the current fiscal year.

Institutional Trading of Aveanna Healthcare

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Aveanna Healthcare by 266.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,714 shares of the company’s stock worth $446,000 after buying an additional 62,319 shares during the period. Virtu Financial LLC acquired a new position in shares of Aveanna Healthcare in the third quarter valued at about $99,000. Barclays PLC increased 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 acquiring an additional 54,557 shares during the period. Geode Capital Management LLC increased its position in Aveanna Healthcare by 4.7% during the third quarter. Geode Capital Management LLC now owns 1,401,016 shares of the company’s stock worth $7,287,000 after acquiring an additional 63,190 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Aveanna Healthcare in the 3rd quarter worth about $92,000. 87.96% of the stock is owned by institutional investors and hedge funds.

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.