Acadian Asset Management LLC Purchases 29,811 Shares of Aveanna Healthcare Holdings Inc. $AVAH

Acadian Asset Management LLC grew its position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 352,215 shares of the company’s stock after purchasing an additional 29,811 shares during the period. Acadian Asset Management LLC owned approximately 0.18% of Aveanna Healthcare worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Aveanna Healthcare by 4.0% in the first quarter. Rhumbline Advisers now owns 75,581 shares of the company’s stock valued at $410,000 after acquiring an additional 2,918 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Aveanna Healthcare by 16.2% in the first quarter. MetLife Investment Management LLC now owns 31,251 shares of the company’s stock valued at $169,000 after acquiring an additional 4,349 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Aveanna Healthcare by 21.2% in the first quarter. AQR Capital Management LLC now owns 26,280 shares of the company’s stock valued at $142,000 after acquiring an additional 4,602 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Aveanna Healthcare by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 114,881 shares of the company’s stock valued at $623,000 after acquiring an additional 4,655 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Aveanna Healthcare during the first quarter worth approximately $25,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Aveanna Healthcare Price Performance

NASDAQ AVAH opened at $8.23 on Wednesday. The business has a fifty day moving average price of $6.10 and a two-hundred day moving average price of $5.37. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $8.54. The stock has a market capitalization of $1.72 billion, a PE ratio of 102.88 and a beta of 2.04.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen raised Aveanna Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. UBS Group raised Aveanna Healthcare from a “sell” rating to a “neutral” rating and upped their target price for the company from $6.75 to $8.00 in a research report on Tuesday, August 19th. Jefferies Financial Group raised Aveanna Healthcare from a “hold” rating to a “buy” rating and decreased their target price for the company from $6.25 to $6.00 in a research report on Monday, July 21st. Raymond James Financial raised Aveanna Healthcare from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research report on Monday, August 11th. Finally, Truist Financial decreased their target price on Aveanna Healthcare from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Aveanna Healthcare 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.