Franklin Resources Inc. Sells 203,072 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Franklin Resources Inc. reduced its holdings in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 86.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,793 shares of the company's stock after selling 203,072 shares during the quarter. Franklin Resources Inc.'s holdings in Aveanna Healthcare were worth $150,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AVAH. KLP Kapitalforvaltning AS bought a new position in Aveanna Healthcare in the fourth quarter worth approximately $35,000. Catalyst Funds Management Pty Ltd lifted its holdings 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 buying an additional 9,000 shares in the last quarter. Arizona State Retirement System purchased a new position in Aveanna Healthcare during the fourth quarter valued at approximately $64,000. EntryPoint Capital LLC purchased a new position in shares of Aveanna Healthcare during the 4th quarter valued at $68,000. Finally, Legato Capital Management LLC bought a new stake in Aveanna Healthcare during the fourth quarter valued at $83,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVAH has been the topic of several recent analyst reports. UBS Group raised their price target on Aveanna Healthcare from $3.20 to $4.50 and gave the company a "sell" rating in a report on Friday, March 14th. Truist Financial reduced their price objective on Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating on the stock in a research report on Friday, April 11th.

Aveanna Healthcare Stock Performance

Shares of NASDAQ AVAH traded up $0.05 during midday trading on Thursday, hitting $4.54. 15,972 shares of the company's stock traded hands, compared to its average volume of 256,592. The firm has a fifty day moving average of $4.74 and a 200 day moving average of $4.91. Aveanna Healthcare Holdings Inc. has a 1 year low of $2.15 and a 1 year high of $6.19. The stock has a market capitalization of $885.73 million, a price-to-earnings ratio of -13.40 and a beta of 1.99.

Insider Transactions at Aveanna Healthcare

In related news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the completion of the transaction, the insider now directly owns 1,453,948 shares in the company, valued at approximately $8,011,253.48. The trade was a 4.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 67,412 shares of company stock worth $372,142 in the last 90 days. 7.80% of the stock is currently owned by insiders.

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.