Short Interest in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Grows By 30.5%

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 997,700 shares, a growth of 30.5% from the August 31st total of 764,600 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 328,600 shares, the short-interest ratio is presently 3.0 days.

Aveanna Healthcare Stock Performance

Shares of NASDAQ:AVAH traded down $0.11 during midday trading on Friday, reaching $5.22. The company had a trading volume of 199,138 shares, compared to its average volume of 177,163. Aveanna Healthcare has a 1-year low of $0.85 and a 1-year high of $5.95. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -8.88 and a beta of 2.13. The company has a fifty day simple moving average of $4.93 and a two-hundred day simple moving average of $3.38.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share 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. Analysts expect that Aveanna Healthcare will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AVAH shares. Deutsche Bank Aktiengesellschaft raised their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a report on Friday, August 9th. Royal Bank of Canada lifted their target price on Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Finally, UBS Group lifted their target price on Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a report on Friday, August 9th.

Hedge Funds Weigh In On Aveanna Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of AVAH. King Street Capital Management L.P. boosted its position in shares of Aveanna Healthcare by 50.6% in the 4th quarter. King Street Capital Management L.P. now owns 6,400,000 shares of the company’s stock valued at $17,152,000 after purchasing an additional 2,150,000 shares during the period. Nut Tree Capital Management LP lifted its holdings 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 valued at $33,159,000 after buying an additional 1,296,045 shares during the last quarter. Littlejohn & Co. LLC raised its stake in shares of Aveanna Healthcare by 7.4% in the 1st quarter. Littlejohn & Co. LLC now owns 8,377,258 shares of the company’s stock valued at $20,859,000 after acquiring an additional 578,488 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Aveanna Healthcare by 155.8% in the 2nd quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock valued at $438,000 after acquiring an additional 96,600 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Aveanna Healthcare by 176.6% in the 2nd quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock valued at $222,000 after acquiring an additional 51,890 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.