Ameriprise Financial Inc. Acquires Shares of 54,375 Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Ameriprise Financial Inc. acquired a new position in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 54,375 shares of the company's stock, valued at approximately $248,000.

A number of other institutional investors have also modified their holdings of AVAH. KLP Kapitalforvaltning AS acquired a new position in Aveanna Healthcare during the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC raised its stake in Aveanna Healthcare by 662.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company's stock valued at $36,000 after purchasing an additional 6,854 shares during the period. Catalyst Funds Management Pty Ltd increased its stake in shares of Aveanna Healthcare by 321.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company's stock worth $54,000 after acquiring an additional 9,000 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in Aveanna Healthcare during the fourth quarter worth $57,000. Finally, Arizona State Retirement System acquired a new stake in shares of Aveanna Healthcare in the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

AVAH has been the topic of several recent analyst reports. Truist Financial reduced their target price on shares of Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating on the stock in a research note on Friday, April 11th. UBS Group raised their price target on Aveanna Healthcare from $4.50 to $5.00 and gave the stock a "sell" rating in a research report on Friday, May 9th.

Insider Transactions at Aveanna Healthcare

In other Aveanna Healthcare news, major shareholder J.H. Whitney Equity Partners V sold 1,560,700 shares of Aveanna Healthcare stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $5.36, for a total transaction of $8,365,352.00. Following the sale, the insider now directly owns 29,640,756 shares of the company's stock, valued at approximately $158,874,452.16. The trade was a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Robert M. Williams, Jr. sold 91,061 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $5.84, for a total value of $531,796.24. Following the completion of the transaction, the insider now directly owns 545,330 shares in the company, valued at $3,184,727.20. This trade represents a 14.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,887,612 shares of company stock valued at $26,269,057. 7.80% of the stock is currently owned by company insiders.

Aveanna Healthcare Stock Performance

Shares of AVAH remained flat at $5.51 during trading hours on Friday. 543,253 shares of the company were exchanged, compared to its average volume of 314,751. The stock has a market cap of $1.07 billion, a P/E ratio of -16.21 and a beta of 2.03. Aveanna Healthcare Holdings Inc. has a one year low of $2.32 and a one year high of $6.19. The stock has a 50 day moving average price of $5.08 and a two-hundred day moving average price of $4.94.

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.