Insider Selling: Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Major Shareholder Sells $531,796.24 in Stock

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) major shareholder Robert M. Williams, Jr. sold 91,061 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were 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 of the company’s stock, valued at $3,184,727.20. This trade represents a 14.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Aveanna Healthcare Stock Down 0.7%

NASDAQ:AVAH opened at $5.82 on Thursday. Aveanna Healthcare Holdings Inc. has a twelve month low of $2.32 and a twelve month high of $6.19. The stock’s 50-day simple moving average is $4.95 and its 200 day simple moving average is $4.91. The firm has a market capitalization of $1.14 billion, a PE ratio of -17.12 and a beta of 2.01.

Institutional Investors Weigh In On Aveanna Healthcare

A number of hedge funds have recently made changes to their positions in AVAH. Jacobs Levy Equity Management Inc. lifted its stake in Aveanna Healthcare by 50.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company’s stock valued at $2,437,000 after purchasing an additional 177,856 shares during the last quarter. Northern Trust Corp raised its position in Aveanna Healthcare by 11.3% in the fourth quarter. Northern Trust Corp now owns 478,907 shares of the company’s stock valued at $2,189,000 after purchasing an additional 48,572 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Aveanna Healthcare by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock worth $2,133,000 after buying an additional 4,047 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Aveanna Healthcare during the fourth quarter valued at $1,992,000. Finally, Millennium Management LLC lifted its holdings 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 during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on AVAH. Truist Financial reduced their price target on Aveanna Healthcare from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Friday, April 11th. UBS Group upped their price objective on Aveanna Healthcare from $4.50 to $5.00 and gave the company a “sell” rating in a report on Friday, May 9th.

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.