Aveanna Healthcare (NASDAQ:AVAH) Trading 6.8% Higher Following Analyst Upgrade

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) were up 6.8% during trading on Monday after UBS Group raised their price target on the stock from $3.20 to $4.50. UBS Group currently has a sell rating on the stock. Aveanna Healthcare traded as high as $5.56 and last traded at $5.55. Approximately 280,641 shares were traded during trading, an increase of 21% from the average daily volume of 232,508 shares. The stock had previously closed at $5.19.

Separately, Truist Financial lowered their target price on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating for the company in a report on Monday, January 6th.

Institutional Investors Weigh In On Aveanna Healthcare

Several hedge funds have recently made changes to their positions in AVAH. California State Teachers Retirement System increased its position in Aveanna Healthcare by 1,099.2% in the 4th quarter. California State Teachers Retirement System now owns 45,413 shares of the company’s stock valued at $208,000 after acquiring an additional 41,626 shares during the period. Mackenzie Financial Corp grew its stake in shares of Aveanna Healthcare by 254.2% in the 4th quarter. Mackenzie Financial Corp now owns 107,223 shares of the company’s stock valued at $490,000 after purchasing an additional 76,953 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Aveanna Healthcare in the fourth quarter valued at approximately $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aveanna Healthcare during the fourth quarter worth approximately $223,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Aveanna Healthcare by 586.1% during the fourth quarter. Squarepoint Ops LLC now owns 75,538 shares of the company’s stock worth $345,000 after purchasing an additional 64,528 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Aveanna Healthcare Stock Performance

The stock has a market capitalization of $1.06 billion, a PE ratio of -16.09 and a beta of 2.25. The business’s 50-day moving average is $4.60 and its two-hundred day moving average is $4.96.

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.