Mackenzie Financial Corp Raises Stock Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Mackenzie Financial Corp raised its position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 254.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,223 shares of the company's stock after acquiring an additional 76,953 shares during the period. Mackenzie Financial Corp owned approximately 0.06% of Aveanna Healthcare worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AVAH. KLP Kapitalforvaltning AS acquired a new stake in Aveanna Healthcare in the fourth quarter valued at approximately $35,000. BNP Paribas Financial Markets acquired a new stake in Aveanna Healthcare in the fourth quarter valued at approximately $35,000. Tower Research Capital LLC TRC boosted its stake in Aveanna Healthcare by 662.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company's stock valued at $36,000 after acquiring an additional 6,854 shares in the last quarter. Catalyst Funds Management Pty Ltd boosted its stake in Aveanna Healthcare by 321.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company's stock valued at $54,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in Aveanna Healthcare in the fourth quarter valued at approximately $57,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Aveanna Healthcare Price Performance

Shares of NASDAQ:AVAH remained flat at $5.51 on Friday. 543,253 shares of the stock traded hands, compared to its average volume of 315,842. Aveanna Healthcare Holdings Inc. has a 1-year low of $2.32 and a 1-year high of $6.19. The stock has a fifty day moving average price of $5.08 and a 200 day moving average price of $4.94. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -16.21 and a beta of 2.03.

Insider Transactions at Aveanna Healthcare

In related news, major shareholder Robert M. Williams, Jr. sold 91,061 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $5.84, for a total transaction of $531,796.24. Following the completion of the transaction, the insider now owns 545,330 shares of the company's stock, valued at $3,184,727.20. This trade represents a 14.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder J.H. Whitney Equity Partners V sold 1,560,700 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 29,640,756 shares of the company's stock, valued at approximately $158,874,452.16. This trade represents a 5.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,887,612 shares of company stock worth $26,269,057. Company insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

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

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.