Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Short Interest Down 25.3% in June

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 814,000 shares, a decline of 25.3% from the May 31st total of 1,090,000 shares. Based on an average daily volume of 85,700 shares, the days-to-cover ratio is currently 9.5 days. Approximately 1.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Aveanna Healthcare from $2.00 to $3.00 and gave the company a “buy” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Aveanna Healthcare currently has an average rating of “Hold” and a consensus target price of $1.80.

Aveanna Healthcare Stock Performance

Shares of NASDAQ AVAH opened at $2.76 on Monday. Aveanna Healthcare has a one year low of $0.85 and a one year high of $3.07. The business has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $2.47.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $490.65 million during the quarter, compared to analyst estimates of $485.05 million. During the same quarter in the prior year, the company posted ($0.06) EPS. Analysts predict that Aveanna Healthcare will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Aveanna Healthcare by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 23,941 shares of the company’s stock valued at $64,000 after purchasing an additional 4,721 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Aveanna Healthcare by 185.6% in the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after buying an additional 19,096 shares in the last quarter. King Street Capital Management L.P. grew its position in Aveanna Healthcare by 11.8% in the third quarter. King Street Capital Management L.P. now owns 4,250,000 shares of the company’s stock valued at $5,058,000 after acquiring an additional 450,000 shares during the period. Vanguard Group Inc. raised its stake in Aveanna Healthcare by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock worth $6,402,000 after acquiring an additional 44,970 shares in the last quarter. Finally, Littlejohn & Co. LLC raised its stake in Aveanna Healthcare by 15.3% during the third quarter. Littlejohn & Co. LLC now owns 7,446,838 shares of the company’s stock worth $8,862,000 after acquiring an additional 989,260 shares in the last quarter. Institutional investors and hedge funds 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.