Bank of New York Mellon Corp Sells 9,514 Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Bank of New York Mellon Corp cut its holdings in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,226 shares of the company’s stock after selling 9,514 shares during the period. Bank of New York Mellon Corp’s holdings in Aveanna Healthcare were worth $504,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in Aveanna Healthcare in the 3rd quarter valued at $69,000. XTX Topco Ltd bought a new position in shares of Aveanna Healthcare in the 3rd quarter valued at about $92,000. Legato Capital Management LLC acquired a new stake in shares of Aveanna Healthcare in the fourth quarter valued at about $83,000. Virtu Financial LLC bought a new stake in Aveanna Healthcare during the third quarter worth about $99,000. Finally, SG Americas Securities LLC boosted its position in Aveanna Healthcare by 26.0% during the fourth quarter. SG Americas Securities LLC now owns 24,366 shares of the company’s stock valued at $111,000 after purchasing an additional 5,031 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Aveanna Healthcare Stock Up 2.6 %

NASDAQ:AVAH opened at $5.52 on Friday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -16.23 and a beta of 2.25. Aveanna Healthcare Holdings Inc. has a 12-month low of $2.11 and a 12-month high of $6.19. The stock’s 50 day moving average price is $4.72 and its two-hundred day moving average price is $4.96.

Insider Buying and Selling at Aveanna Healthcare

In other news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total transaction of $339,217.64. Following the transaction, the insider now owns 1,453,948 shares in the company, valued at approximately $8,011,253.48. This trade represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial lowered their price target on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research report on Monday, January 6th. UBS Group boosted their target price on shares of Aveanna Healthcare from $3.20 to $4.50 and gave the stock a “sell” rating in a report on Friday, March 14th.

Aveanna Healthcare 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.