Short Interest in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Declines By 7.5%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,110,000 shares, a decrease of 7.5% from the October 31st total of 1,200,000 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 316,700 shares, the short-interest ratio is presently 3.5 days.

Institutional Trading of Aveanna Healthcare

A number of hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Aveanna Healthcare during the third quarter valued at approximately $69,000. XTX Topco Ltd purchased a new position in Aveanna Healthcare during the third quarter valued at $92,000. Virtu Financial LLC purchased a new position in Aveanna Healthcare during the third quarter valued at $99,000. SG Americas Securities LLC bought a new stake in Aveanna Healthcare during the third quarter valued at about $101,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Aveanna Healthcare during the 3rd quarter valued at approximately $136,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AVAH shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, August 9th. UBS Group upped their target price on shares of Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their price target on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th.

Aveanna Healthcare Stock Up 0.3 %

AVAH traded up $0.02 during midday trading on Monday, hitting $5.83. 191,012 shares of the company traded hands, compared to its average volume of 200,578. The company’s 50-day moving average is $5.23 and its 200 day moving average is $4.30. Aveanna Healthcare has a 52 week low of $2.00 and a 52 week high of $6.19. The firm has a market capitalization of $1.13 billion, a PE ratio of -17.21 and a beta of 2.13.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $509.02 million for the quarter, compared to the consensus estimate of $495.80 million. During the same quarter last year, the company earned ($0.05) EPS. On average, sell-side analysts predict that Aveanna Healthcare will post -0.09 earnings per share for the current fiscal year.

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.