Millennium Management LLC Acquires 205,023 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Millennium Management LLC boosted its stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 105.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,374 shares of the company's stock after acquiring an additional 205,023 shares during the period. Millennium Management LLC owned 0.21% of Aveanna Healthcare worth $1,830,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in shares of Aveanna Healthcare in the 4th quarter worth about $35,000. BNP Paribas Financial Markets bought a new position in shares of Aveanna Healthcare in the 4th quarter worth about $35,000. Tower Research Capital LLC TRC lifted its position in shares of Aveanna Healthcare by 662.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company's stock worth $36,000 after buying an additional 6,854 shares during the last quarter. Catalyst Funds Management Pty Ltd lifted its position in shares of Aveanna Healthcare by 321.4% in the 4th 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 during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in shares of Aveanna Healthcare in the 4th quarter worth about $57,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AVAH shares. Truist Financial cut their price objective on shares of Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating on the stock in a research 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 stock a "sell" rating in a research note on Friday, May 9th.

Aveanna Healthcare Price Performance

NASDAQ AVAH remained flat at $5.51 during trading on Friday. 543,253 shares of the company's stock were exchanged, compared to its average volume of 314,750. The company has a market capitalization of $1.07 billion, a PE ratio of -16.21 and a beta of 2.03. The stock has a fifty day simple moving average of $5.08 and a 200-day simple moving average of $4.94. Aveanna Healthcare Holdings Inc. has a 1 year low of $2.32 and a 1 year high of $6.19.

Insider Buying and Selling

In other news, major shareholder Robert M. Williams, Jr. sold 91,061 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $5.84, for a total value of $531,796.24. Following the sale, the insider now owns 545,330 shares of the company's stock, valued at approximately $3,184,727.20. This represents a 14.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder J.H. Whitney Equity Partners V sold 1,560,700 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now directly owns 29,640,756 shares in the company, valued at approximately $158,874,452.16. The trade was a 5.00% decrease in their position. 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 owned by company insiders.

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.