Insider Selling: Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells 91,061 Shares of Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) major shareholder Robert M. Williams, Jr. sold 91,061 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was 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 directly owns 545,330 shares in the company, valued at $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 can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Aveanna Healthcare Stock Down 0.2%

AVAH stock traded down $0.01 during mid-day trading on Friday, hitting $5.99. 969,398 shares of the company were exchanged, compared to its average volume of 284,013. The firm has a market capitalization of $1.17 billion, a P/E ratio of -17.62 and a beta of 2.01. The business has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $4.92. Aveanna Healthcare Holdings Inc. has a 12-month low of $2.32 and a 12-month high of $6.19.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of Aveanna Healthcare from $6.00 to $5.50 and set a "hold" rating on the stock in a report on Friday, April 11th. UBS Group lifted their target price on shares of Aveanna Healthcare from $4.50 to $5.00 and gave the company a "sell" rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its stake in Aveanna Healthcare by 50.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company's stock worth $2,437,000 after buying an additional 177,856 shares during the period. Northern Trust Corp lifted its position in shares of Aveanna Healthcare by 11.3% during the fourth quarter. Northern Trust Corp now owns 478,907 shares of the company's stock worth $2,189,000 after purchasing an additional 48,572 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Aveanna Healthcare by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company's stock worth $2,133,000 after purchasing an additional 4,047 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Aveanna Healthcare during the fourth quarter worth about $1,992,000. Finally, Millennium Management LLC lifted its position in shares of Aveanna Healthcare by 105.0% during the fourth quarter. Millennium Management LLC now owns 400,374 shares of the company's stock worth $1,830,000 after purchasing an additional 205,023 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.