Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Short Interest Up 6.0% in October

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,230,000 shares, a growth of 6.0% from the September 30th total of 1,160,000 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 341,700 shares, the days-to-cover ratio is currently 3.6 days.

Aveanna Healthcare Trading Down 0.8 %

Shares of NASDAQ AVAH opened at $4.90 on Wednesday. The firm has a market capitalization of $942.66 million, a price-to-earnings ratio of -8.17 and a beta of 2.12. The business has a 50-day moving average of $5.22 and a 200-day moving average of $3.80. Aveanna Healthcare has a 12 month low of $1.21 and a 12 month high of $5.95.

Aveanna Healthcare (NASDAQ:AVAH) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The firm had revenue of $504.96 million during the quarter, compared to analysts’ expectations of $494.02 million. On average, analysts predict that Aveanna Healthcare will post -0.09 earnings per share for the current year.

Institutional Trading of Aveanna Healthcare

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Aveanna Healthcare during the third quarter valued at approximately $101,000. Acadian Asset Management LLC raised its holdings in shares of Aveanna Healthcare by 185.6% during the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after acquiring an additional 19,096 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Aveanna Healthcare by 35.9% during the second quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after acquiring an additional 12,075 shares in the last quarter. Creative Planning raised its holdings in shares of Aveanna Healthcare by 21.3% during the third quarter. Creative Planning now owns 48,502 shares of the company’s stock valued at $252,000 after acquiring an additional 8,502 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Aveanna Healthcare by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock valued at $413,000 after acquiring an additional 9,243 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

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

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.