Aveanna Healthcare (NASDAQ:AVAH) Sees Strong Trading Volume

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares saw strong trading volume on Monday . 77,306 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 108,646 shares.The stock last traded at $3.61 and had previously closed at $3.44.

Aveanna Healthcare Trading Down 10.4 %

The firm has a market capitalization of $782.99 million, a price-to-earnings ratio of -6.78 and a beta of 2.07. The firm’s 50-day moving average is $2.82 and its 200 day moving average is $2.54.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $490.65 million for the quarter, compared to analyst estimates of $485.05 million. During the same quarter last year, the firm posted ($0.06) EPS. Analysts predict that Aveanna Healthcare Holdings Inc. will post -0.13 EPS for the current year.

Institutional Trading of Aveanna Healthcare

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of Aveanna Healthcare by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock worth $64,000 after purchasing an additional 4,721 shares during the period. Acadian Asset Management LLC lifted its holdings in Aveanna Healthcare by 185.6% in the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after buying an additional 19,096 shares during the period. Vanguard Group Inc. boosted its position in Aveanna Healthcare by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after acquiring an additional 44,970 shares during the last quarter. King Street Capital Management L.P. grew its holdings in Aveanna Healthcare by 50.6% during the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock worth $17,152,000 after acquiring an additional 2,150,000 shares during the period. Finally, Littlejohn & Co. LLC raised its position in shares of Aveanna Healthcare by 7.4% in the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock worth $20,859,000 after acquiring an additional 578,488 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

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.