Bank of New York Mellon Corp Has $413,000 Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Bank of New York Mellon Corp raised its holdings in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 149,761 shares of the company’s stock after buying an additional 9,243 shares during the period. Bank of New York Mellon Corp owned 0.08% of Aveanna Healthcare worth $413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased 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 during the last quarter. Vanguard Group Inc. increased its stake in Aveanna Healthcare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,571,251 shares of the company’s stock valued at $6,402,000 after buying an additional 44,970 shares during the last quarter. King Street Capital Management L.P. increased its stake in shares of Aveanna Healthcare by 50.6% during the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock worth $17,152,000 after purchasing an additional 2,150,000 shares during the last quarter. Littlejohn & Co. LLC increased its stake in shares of Aveanna Healthcare by 7.4% during the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock worth $20,859,000 after purchasing an additional 578,488 shares during the last quarter. Finally, Nut Tree Capital Management LP increased its stake in shares of Aveanna Healthcare by 11.7% during the 4th quarter. Nut Tree Capital Management LP now owns 12,372,649 shares of the company’s stock worth $33,159,000 after purchasing an additional 1,296,045 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on AVAH shares. Royal Bank of Canada boosted their price objective on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, UBS Group boosted their price objective 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.

Aveanna Healthcare Stock Performance

Shares of AVAH opened at $5.59 on Wednesday. Aveanna Healthcare Holdings Inc. has a 52 week low of $0.85 and a 52 week high of $5.95. The firm has a market cap of $1.08 billion, a P/E ratio of -9.32 and a beta of 2.13. The firm’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $3.33.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $504.96 million during the quarter, compared to analyst estimates of $494.02 million. As a group, equities analysts forecast that Aveanna Healthcare Holdings Inc. will post -0.09 earnings per share for the current year.

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.