Renaissance Technologies LLC Trims Stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Renaissance Technologies LLC cut its position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Free Report) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,300 shares of the company's stock after selling 118,400 shares during the period. Renaissance Technologies LLC owned 0.09% of Aveanna Healthcare worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of AVAH. KLP Kapitalforvaltning AS purchased a new position in Aveanna Healthcare during the fourth quarter worth about $35,000. Catalyst Funds Management Pty Ltd lifted its holdings in Aveanna Healthcare by 321.4% during 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. Arizona State Retirement System purchased a new position in Aveanna Healthcare in the fourth quarter valued at approximately $64,000. Dynamic Technology Lab Private Ltd acquired a new position in Aveanna Healthcare in the fourth quarter valued at $65,000. Finally, EntryPoint Capital LLC purchased a new stake in Aveanna Healthcare in the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Insider Transactions at Aveanna Healthcare

In other Aveanna Healthcare news, major shareholder J.H. Whitney Equity Partners V sold 5,580 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $5.63, for a total transaction of $31,415.40. Following the completion of the sale, the insider now owns 1,451,598 shares in the company, valued at approximately $8,172,496.74. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 67,412 shares of company stock valued at $372,142. Company insiders own 7.80% of the company's stock.

Aveanna Healthcare Stock Up 0.6 %

AVAH stock traded up $0.03 during trading hours on Wednesday, hitting $4.82. The company's stock had a trading volume of 313,185 shares, compared to its average volume of 262,888. The company has a market capitalization of $940.35 million, a PE ratio of -14.18 and a beta of 2.01. The stock has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $4.89. Aveanna Healthcare Holdings Inc. has a 12 month low of $2.31 and a 12 month high of $6.19.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Truist Financial reduced their price objective 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 upped their price target on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a "sell" rating in a research report on Friday, March 14th.

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.