Public Employees Retirement System of Ohio Cuts Stock Position in Aveanna Healthcare Holdings Inc. $AVAH

Public Employees Retirement System of Ohio lowered its position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 28.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,931 shares of the company’s stock after selling 4,400 shares during the period. Public Employees Retirement System of Ohio’s holdings in Aveanna Healthcare were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of Aveanna Healthcare by 9.2% in the 1st quarter. Acadian Asset Management LLC now owns 352,215 shares of the company’s stock worth $1,902,000 after buying an additional 29,811 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Aveanna Healthcare by 8.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 339,853 shares of the company’s stock worth $1,842,000 after purchasing an additional 25,974 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Aveanna Healthcare by 71.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 326,144 shares of the company’s stock worth $1,768,000 after purchasing an additional 135,574 shares during the last quarter. Nuveen LLC purchased a new stake in Aveanna Healthcare during the 1st quarter worth approximately $1,692,000. Finally, Mackenzie Financial Corp grew its position in Aveanna Healthcare by 145.9% during the 1st quarter. Mackenzie Financial Corp now owns 263,662 shares of the company’s stock worth $1,429,000 after purchasing an additional 156,439 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Stock Performance

NASDAQ:AVAH opened at $8.53 on Wednesday. The company has a fifty day moving average of $7.45 and a two-hundred day moving average of $5.78. The stock has a market capitalization of $1.78 billion, a PE ratio of 106.63 and a beta of 2.05. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $9.03.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group raised shares of Aveanna Healthcare from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $6.75 to $8.00 in a research report on Tuesday, August 19th. Truist Financial dropped their target price on shares of Aveanna Healthcare from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Aveanna Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Aveanna Healthcare in a research report on Saturday, September 27th. Finally, Jefferies Financial Group raised shares of Aveanna Healthcare from a “hold” rating to a “buy” rating and dropped their price objective for the company from $6.25 to $6.00 in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.92.

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.