Jane Street Group LLC Reduces Stock Holdings in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Jane Street Group LLC trimmed its holdings in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 89.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,071 shares of the company's stock after selling 106,732 shares during the period. Jane Street Group LLC's holdings in Aveanna Healthcare were worth $55,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AVAH. KLP Kapitalforvaltning AS acquired a new stake in shares of Aveanna Healthcare in the fourth quarter valued at approximately $35,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 last quarter. Catalyst Funds Management Pty Ltd increased its holdings in shares of Aveanna Healthcare by 321.4% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company's stock worth $54,000 after buying an additional 9,000 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Aveanna Healthcare in the fourth quarter valued at approximately $57,000. Finally, Arizona State Retirement System acquired a new stake in Aveanna Healthcare during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Robert M. Williams, Jr. sold 750,000 shares of Aveanna Healthcare stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $5.20, for a total transaction of $3,900,000.00. Following the completion of the transaction, the insider now directly owns 28,890,756 shares of the company's stock, valued at $150,231,931.20. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Deborah Stewart sold 15,457 shares of Aveanna Healthcare stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $5.56, for a total value of $85,940.92. Following the completion of the transaction, the chief accounting officer now directly owns 285,396 shares of the company's stock, valued at approximately $1,586,801.76. This represents a 5.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,164,257 shares of company stock valued at $38,118,993 over the last ninety days. 7.80% of the stock is owned by insiders.

Aveanna Healthcare Stock Down 3.2%

Shares of AVAH stock traded down $0.17 during trading on Thursday, hitting $5.08. The company had a trading volume of 466,296 shares, compared to its average volume of 323,756. The stock's 50-day moving average is $5.09 and its two-hundred day moving average is $4.93. The stock has a market capitalization of $991.08 million, a price-to-earnings ratio of -14.94 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.

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.