Aveanna Healthcare (NASDAQ:AVAH) Sees Strong Trading Volume

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) saw unusually-high trading volume on Monday . Approximately 93,017 shares were traded during mid-day trading, an increase of 1% from the previous session's volume of 91,996 shares.The stock last traded at $2.79 and had previously closed at $2.66.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Aveanna Healthcare from $2.00 to $3.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1.80.

Aveanna Healthcare Trading Up 9.4 %

The stock has a market cap of $559.83 million, a price-to-earnings ratio of -4.85 and a beta of 2.02. The stock's 50 day moving average is $2.42 and its two-hundred day moving average is $2.39.

Aveanna Healthcare (NASDAQ:AVAH - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $490.65 million during the quarter, compared to analyst estimates of $485.05 million. During the same quarter last year, the firm earned ($0.06) EPS. On average, sell-side analysts predict that Aveanna Healthcare Holdings Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Aveanna Healthcare

Large investors have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in Aveanna Healthcare during the third quarter worth about $36,000. SG Americas Securities LLC lifted its holdings in shares of Aveanna Healthcare by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 23,941 shares of the company's stock valued at $64,000 after buying an additional 4,721 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Aveanna Healthcare by 185.6% in the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company's stock valued at $72,000 after buying an additional 19,096 shares in the last quarter. King Street Capital Management L.P. grew its holdings in Aveanna Healthcare by 11.8% during the third quarter. King Street Capital Management L.P. now owns 4,250,000 shares of the company's stock worth $5,058,000 after acquiring an additional 450,000 shares during the period. Finally, Vanguard Group Inc. raised its position in Aveanna Healthcare by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company's stock worth $6,402,000 after acquiring an additional 44,970 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

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.