Teacher Retirement System of Texas Raises Stock Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Teacher Retirement System of Texas boosted its holdings in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 50.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 49,881 shares of the company’s stock after buying an additional 16,835 shares during the period. Teacher Retirement System of Texas’ holdings in Aveanna Healthcare were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new position in shares of Aveanna Healthcare during the 4th quarter valued at about $35,000. BNP Paribas Financial Markets bought a new position in shares of Aveanna Healthcare in the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC lifted its holdings in shares of Aveanna Healthcare by 662.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company’s stock valued at $36,000 after acquiring an additional 6,854 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Aveanna Healthcare in the 4th quarter valued at about $57,000. Finally, Walleye Capital LLC bought a new position in shares of Aveanna Healthcare in the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling

In related news, insider Patrick A. Cunningham sold 18,500 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $4.93, for a total transaction of $91,205.00. Following the completion of the transaction, the insider owned 327,869 shares of the company’s stock, valued at approximately $1,616,394.17. This represents a 5.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Deborah Stewart sold 15,457 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $5.56, for a total transaction of $85,940.92. Following the transaction, the chief accounting officer directly owned 285,396 shares of the company’s stock, valued at $1,586,801.76. This trade represents a 5.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,115,345 shares of company stock valued at $37,838,057. 7.80% of the stock is owned by company insiders.

Aveanna Healthcare Price Performance

NASDAQ AVAH opened at $3.96 on Friday. The firm’s fifty day moving average price is $5.02 and its 200 day moving average price is $4.84. The company has a market capitalization of $772.56 million, a price-to-earnings ratio of 198.00 and a beta of 1.98. Aveanna Healthcare Holdings Inc. has a 12 month low of $2.61 and a 12 month high of $6.19.

Analysts Set New Price Targets

AVAH has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Aveanna Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th. UBS Group lifted their price objective on shares of Aveanna Healthcare from $4.50 to $5.00 and gave the stock a “sell” rating in a research note on Friday, May 9th. Barclays began coverage on shares of Aveanna Healthcare in a research note on Wednesday, July 2nd. They set an “equal weight” rating and a $5.50 price objective for the company. Finally, Truist Financial decreased their target price on shares of Aveanna Healthcare from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.10.

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.