Aveanna Healthcare (NASDAQ:AVAH) Stock Price Down 8.3% – Here’s Why

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares dropped 8.3% during trading on Friday . The stock traded as low as $4.48 and last traded at $4.43. Approximately 63,129 shares changed hands during trading, a decline of 61% from the average daily volume of 163,259 shares. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their target price on 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 12.3 %

The company has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $5.04. The company has a market capitalization of $818.33 million, a PE ratio of -12.46 and a beta of 2.24.

Institutional Trading of Aveanna Healthcare

Several large investors have recently added to or reduced their stakes in AVAH. KLP Kapitalforvaltning AS purchased a new stake in Aveanna Healthcare in the 4th quarter valued at $35,000. BNP Paribas Financial Markets acquired a new position in shares of Aveanna Healthcare in the 4th quarter valued at $35,000. Tower Research Capital LLC TRC lifted its stake in shares of Aveanna Healthcare by 662.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company’s stock valued at $36,000 after purchasing an additional 6,854 shares during the last quarter. Catalyst Funds Management Pty Ltd lifted its stake in shares of Aveanna Healthcare by 321.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company’s stock valued at $54,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of Aveanna Healthcare in the 4th quarter valued at $57,000. 87.96% of the stock is currently owned by hedge funds and other 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.