Connor Clark & Lunn Investment Management Ltd. Grows Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 21.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 190,570 shares of the company’s stock after buying an additional 33,468 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Aveanna Healthcare were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System purchased a new position in Aveanna Healthcare during the 4th quarter worth approximately $64,000. Intech Investment Management LLC purchased a new position in shares of Aveanna Healthcare in the 3rd quarter valued at approximately $69,000. Legato Capital Management LLC purchased a new position in shares of Aveanna Healthcare in the 4th quarter valued at approximately $83,000. XTX Topco Ltd purchased a new stake in shares of Aveanna Healthcare in the third quarter valued at approximately $92,000. Finally, Virtu Financial LLC purchased a new stake in shares of Aveanna Healthcare in the third quarter valued at approximately $99,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder J.H. Whitney Equity Partners V sold 61,564 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $5.51, for a total value of $339,217.64. Following the sale, the insider now directly owns 1,453,948 shares in the company, valued at $8,011,253.48. This trade represents a 4.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.80% of the company’s stock.

Aveanna Healthcare Stock Down 3.1 %

Shares of NASDAQ AVAH opened at $5.29 on Friday. The business has a 50 day moving average price of $4.65 and a two-hundred day moving average price of $4.96. Aveanna Healthcare Holdings Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $6.19. The firm has a market cap of $1.03 billion, a PE ratio of -15.56 and a beta of 2.25.

Analysts Set New Price Targets

AVAH has been the subject of a number of analyst reports. UBS Group boosted their price target on Aveanna Healthcare from $3.20 to $4.50 and gave the stock a “sell” rating in a report on Friday, March 14th. Truist Financial dropped their price target on Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a research note on Monday, January 6th.

Aveanna Healthcare Company 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.