Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Short Interest Down 13.8% in January

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,250,000 shares, a drop of 13.8% from the December 31st total of 1,450,000 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 245,700 shares, the short-interest ratio is currently 5.1 days.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price objective on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a report on Monday, January 6th.

Aveanna Healthcare Trading Down 1.8 %

Shares of NASDAQ:AVAH traded down $0.09 during trading on Monday, reaching $4.52. The company had a trading volume of 207,727 shares, compared to its average volume of 167,753. Aveanna Healthcare has a 12 month low of $2.00 and a 12 month high of $6.19. The stock has a market capitalization of $872.43 million, a P/E ratio of -13.31 and a beta of 2.24. The company has a fifty day moving average of $4.90 and a two-hundred day moving average of $4.97.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $509.02 million for the quarter, compared to analysts’ expectations of $495.80 million. During the same period last year, the business posted ($0.05) earnings per share. As a group, equities research analysts predict that Aveanna Healthcare will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Aveanna Healthcare in the 3rd quarter worth $69,000. Legato Capital Management LLC bought a new stake in shares of Aveanna Healthcare during the 4th quarter valued at about $83,000. XTX Topco Ltd purchased a new position in shares of Aveanna Healthcare during the third quarter valued at about $92,000. Virtu Financial LLC purchased a new stake in Aveanna Healthcare in the third quarter worth about $99,000. Finally, SG Americas Securities LLC bought a new stake in Aveanna Healthcare during the 3rd quarter valued at approximately $101,000. Institutional investors own 87.96% of the company’s stock.

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.