Nut Tree Capital Management LP Makes New Investment in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Nut Tree Capital Management LP acquired a new stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,600,000 shares of the company’s stock, valued at approximately $44,532,000. Aveanna Healthcare makes up about 9.2% of Nut Tree Capital Management LP’s holdings, making the stock its 6th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new position in shares of Aveanna Healthcare in the second quarter valued at $279,000. Natixis Investment Managers International bought a new position in shares of Aveanna Healthcare in the second quarter valued at $955,000. Monashee Investment Management LLC bought a new position in shares of Aveanna Healthcare in the second quarter valued at $21,709,000. MYDA Advisors LLC bought a new position in shares of Aveanna Healthcare in the second quarter valued at $495,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Aveanna Healthcare in the second quarter valued at $49,456,000. 67.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on AVAH. Zacks Investment Research raised shares of Aveanna Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, August 3rd. Truist dropped their price target on shares of Aveanna Healthcare from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Truist Securities dropped their price target on shares of Aveanna Healthcare from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $14.65.

NASDAQ AVAH traded down $0.17 during trading hours on Thursday, reaching $6.72. 4,375 shares of the company were exchanged, compared to its average volume of 455,006. Aveanna Healthcare Holdings Inc. has a 1 year low of $6.80 and a 1 year high of $13.00. The firm has a 50 day simple moving average of $8.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.57 and a current ratio of 1.57.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings data on Tuesday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $436.11 million for the quarter, compared to analysts’ expectations of $434.43 million. As a group, analysts forecast that Aveanna Healthcare Holdings Inc. will post 0.44 EPS for the current fiscal year.

In related news, CFO David Afshar acquired 5,070 shares of the firm’s stock in a transaction that occurred on Friday, August 13th. The stock was acquired at an average price of $9.97 per share, for a total transaction of $50,547.90. Following the completion of the acquisition, the chief financial officer now owns 19,604 shares of the company’s stock, valued at approximately $195,451.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aveanna Healthcare Profile

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides private duty nursing (PDN), adult home health and hospice, home-based pediatric therapy, and enteral nutrition 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.

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Institutional Ownership by Quarter for Aveanna Healthcare (NASDAQ:AVAH)

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