Chicago Capital Management LLC boosted its position in shares of Almost Family Inc (NASDAQ:AFAM) by 80.3% in the 1st quarter, HoldingsChannel reports. The fund owned 368,908 shares of the company’s stock after acquiring an additional 164,306 shares during the period. Almost Family accounts for about 8.1% of Chicago Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Chicago Capital Management LLC’s holdings in Almost Family were worth $20,779,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AFAM. Wolverine Asset Management LLC acquired a new position in shares of Almost Family in the 4th quarter valued at $5,013,000. Prosight Management LP acquired a new position in shares of Almost Family in the 4th quarter valued at $5,012,000. Capital Fund Management S.A. acquired a new position in shares of Almost Family in the 4th quarter valued at $4,829,000. ARP Americas LP acquired a new position in shares of Almost Family in the 4th quarter valued at $3,192,000. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of Almost Family by 432.0% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 61,980 shares of the company’s stock valued at $3,431,000 after buying an additional 50,330 shares in the last quarter. Institutional investors own 84.64% of the company’s stock.
Several research analysts have recently issued reports on AFAM shares. BidaskClub upgraded shares of Almost Family from a “strong sell” rating to a “sell” rating in a report on Friday, January 19th. Royal Bank of Canada restated a “hold” rating and issued a $59.00 target price on shares of Almost Family in a report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, JPMorgan Chase lowered their target price on shares of Almost Family from $59.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.50.
Shares of Almost Family stock opened at $56.00 on Friday. Almost Family Inc has a 12-month low of $40.15 and a 12-month high of $66.15. The firm has a market capitalization of $783.59 million, a PE ratio of 26.67, a P/E/G ratio of 1.15 and a beta of 0.58. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.21.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Monday, February 26th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Almost Family had a net margin of 2.56% and a return on equity of 5.88%. The firm had revenue of $200.62 million during the quarter, compared to the consensus estimate of $203.44 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Almost Family’s revenue for the quarter was up 30.8% on a year-over-year basis. research analysts expect that Almost Family Inc will post 2.87 earnings per share for the current year.
Almost Family Company Profile
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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