Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Shares Sold by J.H. Whitney Equity Partners VII LLC

J.H. Whitney Equity Partners VII LLC trimmed its holdings in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,521,351 shares of the company's stock after selling 134,531 shares during the period. Aveanna Healthcare makes up about 100.0% of J.H. Whitney Equity Partners VII LLC's holdings, making the stock its biggest position. J.H. Whitney Equity Partners VII LLC owned approximately 24.87% of Aveanna Healthcare worth $262,986,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. First Eagle Investment Management LLC acquired a new stake in shares of Aveanna Healthcare in the 4th quarter valued at $1,992,000. Millennium Management LLC raised its holdings in Aveanna Healthcare by 105.0% during the fourth quarter. Millennium Management LLC now owns 400,374 shares of the company's stock valued at $1,830,000 after buying an additional 205,023 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Aveanna Healthcare by 50.1% in 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 last quarter. Swiss National Bank bought a new stake in shares of Aveanna Healthcare during the 4th quarter worth about $434,000. Finally, Federated Hermes Inc. increased its holdings in shares of Aveanna Healthcare by 3,047.2% during the 4th quarter. Federated Hermes Inc. now owns 89,665 shares of the company's stock valued at $410,000 after acquiring an additional 86,816 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Aveanna Healthcare Stock Down 4.0%

Aveanna Healthcare stock traded down $0.17 during mid-day trading on Friday, reaching $4.06. The company had a trading volume of 387,222 shares, compared to its average volume of 349,174. The firm has a market cap of $792.07 million, a price-to-earnings ratio of 203.00 and a beta of 1.98. The company has a 50 day moving average of $5.13 and a 200-day moving average of $4.86. Aveanna Healthcare Holdings Inc. has a 52 week low of $2.61 and a 52 week high of $6.19.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on Aveanna Healthcare from $4.50 to $5.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Wall Street Zen downgraded shares of Aveanna Healthcare from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Barclays assumed coverage on shares of Aveanna Healthcare in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $5.50 target price on the stock. Finally, Truist Financial decreased their price target on shares of Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.20.

Insider Buying and Selling at Aveanna Healthcare

In other Aveanna Healthcare news, major shareholder J.H. Whitney Equity Partners V sold 1,560,700 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $5.36, for a total value of $8,365,352.00. Following the sale, the insider owned 29,640,756 shares of the company's stock, valued at $158,874,452.16. The trade was a 5.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Deborah Stewart sold 15,457 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $5.56, for a total transaction of $85,940.92. Following the transaction, the chief accounting officer directly owned 285,396 shares of the company's stock, valued at $1,586,801.76. The trade was a 5.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,115,345 shares of company stock valued at $37,838,057 in the last three months. Company insiders own 7.80% 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.