The Manufacturers Life Insurance Company Makes New Investment in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

The Manufacturers Life Insurance Company bought a new position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,113 shares of the company’s stock, valued at approximately $136,000.

Several other hedge funds and other institutional investors have also modified their holdings of AVAH. Intech Investment Management LLC bought a new stake in Aveanna Healthcare in the third quarter valued at $69,000. SG Americas Securities LLC acquired a new stake in shares of Aveanna Healthcare in the 3rd quarter valued at $101,000. Mackenzie Financial Corp grew its holdings in shares of Aveanna Healthcare by 35.9% in the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock worth $126,000 after purchasing an additional 12,075 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Aveanna Healthcare by 176.6% during the 2nd quarter. Acadian Asset Management LLC now owns 81,275 shares of the company’s stock worth $222,000 after purchasing an additional 51,890 shares in the last quarter. Finally, Creative Planning lifted its holdings in Aveanna Healthcare by 21.3% during the 3rd quarter. Creative Planning now owns 48,502 shares of the company’s stock valued at $252,000 after purchasing an additional 8,502 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Aveanna Healthcare Trading Down 1.2 %

Shares of Aveanna Healthcare stock opened at $4.97 on Tuesday. Aveanna Healthcare Holdings Inc. has a 1-year low of $2.00 and a 1-year high of $6.19. The firm’s 50-day moving average price is $5.29 and its two-hundred day moving average price is $4.50. The stock has a market capitalization of $960.33 million, a price-to-earnings ratio of -14.62 and a beta of 2.20.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $509.02 million for the quarter, compared to analyst estimates of $495.80 million. During the same period in the prior year, the business earned ($0.05) earnings per share. As a group, equities research analysts predict that Aveanna Healthcare Holdings Inc. will post -0.08 EPS 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.