Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Up – Here’s What Happened

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $4.45, but opened at $4.61. Aveanna Healthcare shares last traded at $4.50, with a volume of 50,424 shares traded.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a report on Monday.

Aveanna Healthcare Stock Up 2.5 %

The firm has a 50 day moving average price of $5.13 and a 200-day moving average price of $4.72. The stock has a market capitalization of $881.11 million, a PE ratio of -13.41 and a beta of 2.25.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $509.02 million during the quarter, compared to analyst estimates of $495.80 million. During the same quarter in the previous year, the company earned ($0.05) EPS. Equities analysts expect that Aveanna Healthcare Holdings Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Aveanna Healthcare

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in shares of Aveanna Healthcare in the third quarter worth about $69,000. XTX Topco Ltd purchased a new position in shares of Aveanna Healthcare in the 3rd quarter valued at about $92,000. Virtu Financial LLC acquired a new position in Aveanna Healthcare in the 3rd quarter worth about $99,000. SG Americas Securities LLC purchased a new position in Aveanna Healthcare during the third quarter worth approximately $101,000. Finally, Mackenzie Financial Corp grew its holdings in Aveanna Healthcare by 35.9% in the second quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after purchasing an additional 12,075 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.