Aveanna Healthcare (NASDAQ:AVAH) Stock Price Up 8.2% – Should You Buy?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares were up 8.2% on Tuesday . The stock traded as high as $4.90 and last traded at $4.98. Approximately 68,027 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 158,334 shares. The stock had previously closed at $4.60.

Analyst Ratings Changes

Separately, Truist Financial decreased their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research note on Monday, January 6th.

Aveanna Healthcare Stock Up 8.0 %

The company’s 50 day moving average is $4.71 and its 200 day moving average is $5.03. The firm has a market capitalization of $960.35 million, a price-to-earnings ratio of -14.62 and a beta of 2.24.

Institutional Investors Weigh In On Aveanna Healthcare

A number of large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aveanna Healthcare during the fourth quarter worth about $223,000. Squarepoint Ops LLC grew its stake in Aveanna Healthcare by 586.1% during the fourth quarter. Squarepoint Ops LLC now owns 75,538 shares of the company’s stock worth $345,000 after buying an additional 64,528 shares in the last quarter. State of Wyoming acquired a new stake in Aveanna Healthcare during the fourth quarter worth about $179,000. Sherbrooke Park Advisers LLC grew its stake in Aveanna Healthcare by 229.1% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 34,019 shares of the company’s stock worth $155,000 after buying an additional 23,683 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Aveanna Healthcare in the 4th quarter valued at approximately $67,000. 87.96% of the stock is currently 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.