Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells 750,000 Shares

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) major shareholder J.H. Whitney Equity Partners V sold 750,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $5.20, for a total transaction of $3,900,000.00. Following the sale, the insider now owns 28,890,756 shares of the company's stock, valued at $150,231,931.20. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

J.H. Whitney Equity Partners V also recently made the following trade(s):

• On Monday, May 19th, J.H. Whitney Equity Partners V sold 1,560,700 shares of Aveanna Healthcare stock. The shares were sold at an average price of $5.36, for a total value of $8,365,352.00.
• On Monday, May 12th, J.H. Whitney Equity Partners V sold 47,039 shares of Aveanna Healthcare stock. The shares were sold at an average price of $5.72, for a total transaction of $269,063.08.
• On Tuesday, April 1st, J.H. Whitney Equity Partners V sold 5,580 shares of Aveanna Healthcare stock. The stock was sold at an average price of $5.63, for a total transaction of $31,415.40.
• On Monday, March 24th, J.H. Whitney Equity Partners V sold 268 shares of Aveanna Healthcare stock. The shares were sold at an average price of $5.63, for a total transaction of $1,508.84.
• On Tuesday, March 18th, J.H. Whitney Equity Partners V sold 61,564 shares of Aveanna Healthcare stock. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64.

Aveanna Healthcare Stock Down 3.1%

AVAH stock traded down $0.16 during midday trading on Friday, hitting $4.93. The company's stock had a trading volume of 65,595 shares, compared to its average volume of 323,940. The firm has a 50-day simple moving average of $5.09 and a 200-day simple moving average of $4.92. The firm has a market capitalization of $960.84 million, a P/E ratio of -14.48 and a beta of 2.03. Aveanna Healthcare Holdings Inc. has a 52-week low of $2.32 and a 52-week high of $6.19.

Analysts Set New Price Targets

A number of analysts have issued reports on AVAH shares. UBS Group boosted their target price on Aveanna Healthcare from $4.50 to $5.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Truist Financial cut their price objective on Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating on the stock in a report on Friday, April 11th.

Institutional Investors Weigh In On Aveanna Healthcare

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Aveanna Healthcare by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,699 shares of the company's stock worth $246,000 after buying an additional 2,649 shares in the last quarter. Rhumbline Advisers lifted its stake in Aveanna Healthcare by 4.0% in the first quarter. Rhumbline Advisers now owns 75,581 shares of the company's stock worth $410,000 after acquiring an additional 2,918 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Aveanna Healthcare by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company's stock worth $2,133,000 after acquiring an additional 4,047 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Aveanna Healthcare by 16.2% in the 1st quarter. MetLife Investment Management LLC now owns 31,251 shares of the company's stock valued at $169,000 after purchasing an additional 4,349 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Aveanna Healthcare by 21.2% in the 1st quarter. AQR Capital Management LLC now owns 26,280 shares of the company's stock valued at $142,000 after purchasing an additional 4,602 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

About Aveanna Healthcare

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.