Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Down on Insider Selling

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares gapped down before the market opened on Friday after an insider sold shares in the company. The stock had previously closed at $5.32, but opened at $4.85. Aveanna Healthcare shares last traded at $5.01, with a volume of 46,034 shares changing hands.

Specifically, major shareholder J.H. Whitney Equity Partners V sold 5,580 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $5.63, for a total value of $31,415.40. Following the completion of the sale, the insider now directly owns 1,451,598 shares in the company, valued at approximately $8,172,496.74. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

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

Aveanna Healthcare Trading Down 5.5 %

The firm has a market cap of $981.32 million, a price-to-earnings ratio of -14.79 and a beta of 1.99. The stock’s 50 day moving average is $4.78 and its 200 day moving average is $4.96.

Institutional Investors Weigh In On Aveanna Healthcare

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Aveanna Healthcare during the 4th quarter worth approximately $35,000. KLP Kapitalforvaltning AS bought a new position in Aveanna Healthcare during the 4th quarter worth $35,000. Tower Research Capital LLC TRC increased its position in Aveanna Healthcare by 662.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company’s stock worth $36,000 after buying an additional 6,854 shares during the period. Catalyst Funds Management Pty Ltd lifted its holdings in shares of Aveanna Healthcare by 321.4% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company’s stock worth $54,000 after buying an additional 9,000 shares in the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Aveanna Healthcare in the fourth quarter valued at about $57,000. Institutional investors 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.