Truist Financial Issues Pessimistic Forecast for Aveanna Healthcare (NASDAQ:AVAH) Stock Price

Aveanna Healthcare (NASDAQ:AVAH) had its price objective cut by Truist Financial from $6.00 to $5.25 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Aveanna Healthcare Price Performance

Shares of NASDAQ AVAH opened at $4.51 on Monday. The firm has a market capitalization of $871.44 million, a PE ratio of -13.26 and a beta of 2.25. Aveanna Healthcare has a 1-year low of $2.00 and a 1-year high of $6.19. The business’s fifty day moving average price is $5.14 and its two-hundred day moving average price is $4.71.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $509.02 million during the quarter, compared to analyst estimates of $495.80 million. During the same period last year, the business earned ($0.05) EPS. Equities research analysts expect that Aveanna Healthcare will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aveanna Healthcare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. raised its stake in Aveanna Healthcare by 297.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 355,340 shares of the company’s stock valued at $1,848,000 after acquiring an additional 265,969 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Aveanna Healthcare during the third quarter valued at $817,000. Renaissance Technologies LLC increased its holdings in shares of Aveanna Healthcare by 155.8% during the second quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock valued at $438,000 after purchasing an additional 96,600 shares during the period. Jane Street Group LLC raised its stake in shares of Aveanna Healthcare by 127.4% during the third quarter. Jane Street Group LLC now owns 118,803 shares of the company’s stock valued at $618,000 after purchasing an additional 66,561 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Aveanna Healthcare by 4.7% in the third quarter. Geode Capital Management LLC now owns 1,401,016 shares of the company’s stock worth $7,287,000 after purchasing an additional 63,190 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.