Sunday, June 26, 2022

Checking in on Aveanna Healthcare Holdings Inc. (AVAH) after recent insiders movement

Aveanna Healthcare Holdings Inc.’s recent filing unveils that its Chief Compliance Officer Cunningham Patrick A. acquired Company’s shares for reported $9626.0 on May 26. In the deal valued at $3.10 per share,3,100 shares were bought. As a result of this transaction, Cunningham Patrick A. now holds 122,195 shares worth roughly $ 0.27 million.

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Then, Reisz Edwin C. bought 9,000 shares, generating $25,929 in total proceeds. Upon buying the shares at $2.88, the Chief Administrative Officer now owns 888,290 shares.

Before that, Strange Tony bought 36,000 shares. Aveanna Healthcare Holdings Inc. shares valued at $104,544 were divested by the at a price of $2.90 per share. As a result of the transaction, Strange Tony now holds 1,680,134 shares, worth roughly $3.73 million.

Meanwhile, Stephens downgraded its Aveanna Healthcare Holdings Inc. [AVAH] rating to an Equal-weight from a an Overweight in a research note published on Tuesday, June 21, 2022; the price target was decreased to $3.50 from $5.50. PT values the company’s stock at a premium of 36.57 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late June from “a Neutral” to “an Underperform”. BofA Securities also remained covering AVAH and has decreased its forecast on March 29, 2022 with a “Neutral” recommendation from previously “Buy” rating. Truist started covering the stock on May 24, 2021. It rated AVAH as “a Buy”.

Price Performance Review of AVAH

On Tuesday, Aveanna Healthcare Holdings Inc. [NASDAQ:AVAH] saw its stock fall -17.47% to $2.22. On the same session, the stock had its day’s lowest price of $2.15, but rose to a high of $2.66. Over the last five days, the stock has lost -18.68%. Aveanna Healthcare Holdings Inc. shares have fallen nearly -70.00% since the year began. Nevertheless, the stocks have fallen -82.52% over the past one year. While a 52-week high of $12.99 was reached on 01/03/22, a 52-week low of $2.09 was recorded on 05/12/22. SMA at 50 days reached $2.92, while 200 days put it at $5.63. A total of 1.31 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For AVAH Stock

The 24-hour chart illustrates a support level at 2.03, which if violated will result in even more drops to 1.83. On the upside, there is a resistance level at 2.54. A further resistance level may holdings at 2.85. The Relative Strength Index (RSI) on the 14-day chart is 32.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.00%. Stochastics %K at 24.56% indicates the stock is a holding.

How much short interest is there in Aveanna Healthcare Holdings Inc.?

A steep rise in short interest was recorded in Aveanna Healthcare Holdings Inc. stocks on Apr 28, 2022, dropping by -0.19 million shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 1.67 million shares. There was a decline of -12.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.24.

Aveanna Healthcare Holdings Inc. [AVAH] – Who Are The Largest Shareholders?

In filings from Nut Tree Capital Management LP, it is revealed that the company now owns 6,204,711 shares, or roughly 3.36% of the outstanding AVAH shares. In other words, the investor’s shares have risen by 769,232 from its previous 13-F filing of 5435479.0. Additionally, Vaughan Nelson Investment Managem decreased -2.09% of its stake after which the total value it holdings stand at $16,145,566, while The Vanguard Group, Inc. reduced -0.36% of its stake to hold $12.88 million in the firm. Over the last quarter, Littlejohn & Co. LLC purchased 557,828 shares of Aveanna Healthcare Holdings Inc., while BlackRock Fund Advisors bought -19,963 shares. At present, Principal Global Investors LLC is holding 2,457,839 shares valued at $7.57 million. Westwood Management Corp. owned 2,376,528 shares of the company at the time of its most recent 13F filing, worth $7.32 million.

According to FactSet, Aveanna Healthcare Holdings Inc.’s share price will average $6.14 in the next year, based on opinions of analysts polled by the firm. This is up nearly 160.22 percent from its previous closing price of $2.69. Analysts expect Aveanna Healthcare Holdings Inc. stock to reach the higher price of $9.00, while the lowest price estimate is $2.00. However, 11 analysts have rated AVAH stock as an Overweight in their predictions for 2022. The most recent change occurred on May 24, 2021 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $16 price target.

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