Robert M. Williams, Jr. Sells 750,000 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) major shareholder Robert M. Williams, Jr. sold 750,000 shares of Aveanna Healthcare stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.20, for a total value of $3,900,000.00. Following the sale, the insider now directly owns 28,890,756 shares of the company's stock, valued at approximately $150,231,931.20. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Aveanna Healthcare Stock Performance

NASDAQ:AVAH traded down $0.17 on Friday, reaching $4.91. The company's stock had a trading volume of 437,916 shares, compared to its average volume of 327,223. The firm has a market cap of $957.91 million, a PE ratio of -14.44 and a beta of 2.03. The business's 50-day moving average price is $5.09 and its two-hundred day moving average price is $4.91. Aveanna Healthcare Holdings Inc. has a 1-year low of $2.32 and a 1-year high of $6.19.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. 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 note on Friday, May 9th. Truist Financial decreased their target price on Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating for the company in a research note on Friday, April 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AVAH. First Eagle Investment Management LLC acquired a new position in shares of Aveanna Healthcare during the fourth quarter worth about $1,992,000. Nuveen LLC acquired a new position in shares of Aveanna Healthcare during the first quarter worth about $1,692,000. Millennium Management LLC boosted its position in shares of Aveanna Healthcare by 105.0% during the fourth quarter. Millennium Management LLC now owns 400,374 shares of the company's stock worth $1,830,000 after buying an additional 205,023 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Aveanna Healthcare by 50.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company's stock worth $2,437,000 after buying an additional 177,856 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Aveanna Healthcare by 145.9% during the first quarter. Mackenzie Financial Corp now owns 263,662 shares of the company's stock worth $1,429,000 after buying an additional 156,439 shares during the period. 87.96% of the stock is 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.