Aveanna Healthcare (NASDAQ:AVAH) Shares Up 8.2% – What’s Next?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price traded up 8.2% during mid-day trading on Tuesday . The company traded as high as $4.90 and last traded at $4.98. 68,027 shares were traded during mid-day trading, a decline of 57% from the average session volume of 158,334 shares. The stock had previously closed at $4.60.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their target price on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research note on Monday, January 6th.

Aveanna Healthcare Stock Down 3.6 %

The firm has a market cap of $933.30 million, a price-to-earnings ratio of -14.21 and a beta of 2.24. The stock has a fifty day moving average price of $4.70 and a 200-day moving average price of $5.02.

Institutional Trading of Aveanna Healthcare

A number of institutional investors have recently added to or reduced their stakes in AVAH. Mackenzie Financial Corp lifted its holdings in shares of Aveanna Healthcare by 254.2% in the fourth quarter. Mackenzie Financial Corp now owns 107,223 shares of the company’s stock valued at $490,000 after purchasing an additional 76,953 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Aveanna Healthcare in the 4th quarter valued at about $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Aveanna Healthcare in the fourth quarter worth $223,000. Squarepoint Ops LLC raised its holdings in shares of Aveanna Healthcare by 586.1% during the 4th quarter. Squarepoint Ops LLC now owns 75,538 shares of the company’s stock valued at $345,000 after buying an additional 64,528 shares during the period. Finally, State of Wyoming purchased a new position in shares of Aveanna Healthcare in the fourth quarter valued at $179,000. 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.