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HomeMarketResultsAveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Sees Large Decline in Short Interest

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Sees Large Decline in Short Interest


Aveanna Healthcare Holdings Inc. (NASDAQ:AVAHGet Rating) noticed a big drop in brief curiosity throughout the month of December. As of December fifteenth, there was quick curiosity totalling 1,780,000 shares, a drop of 18.7% from the November thirtieth complete of two,190,000 shares. Primarily based on a mean every day quantity of 456,400 shares, the short-interest ratio is presently 3.9 days. At the moment, 3.7% of the shares of the corporate are offered quick.

Wall Road Analyst Weigh In

AVAH has been the topic of quite a lot of latest analysis experiences. Credit score Suisse Group lowered shares of Aveanna Healthcare from an “outperform” ranking to a “impartial” ranking and lowered their value goal for the corporate from $5.50 to $2.00 in a analysis observe on Thursday, November seventeenth. Stephens lowered their value goal on shares of Aveanna Healthcare from $2.25 to $1.50 and set an “equal weight” ranking for the corporate in a analysis observe on Friday, November eleventh. Truist Monetary lowered their value goal on shares of Aveanna Healthcare to $1.25 in a analysis observe on Wednesday, November sixteenth. Lastly, Royal Financial institution of Canada lowered shares of Aveanna Healthcare from an “outperform” ranking to a “sector carry out” ranking and lowered their value goal for the corporate from $7.00 to $3.00 in a analysis observe on Monday, November twenty first. One funding analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking, two have given a purchase ranking and one has given a powerful purchase ranking to the inventory. In accordance with information from MarketBeat, Aveanna Healthcare has a consensus ranking of “Maintain” and a mean goal value of $3.25.

Aveanna Healthcare Inventory Efficiency

Shares of AVAH traded up $0.10 throughout mid-day buying and selling on Friday, reaching $0.78. 434,588 shares of the inventory traded fingers, in comparison with its common quantity of 545,566. The agency has a fifty day transferring common value of $0.93 and a 200 day transferring common value of $1.63. The corporate has a fast ratio of 0.89, a present ratio of 0.89 and a debt-to-equity ratio of 5.63. Aveanna Healthcare has a 1 12 months low of $0.67 and a 1 12 months excessive of $7.53.

Aveanna Healthcare (NASDAQ:AVAHGet Rating) final launched its quarterly earnings outcomes on Wednesday, November ninth. The corporate reported ($0.03) EPS for the quarter, lacking analysts’ consensus estimates of $0.04 by ($0.07). Aveanna Healthcare had a adverse web margin of 31.44% and a constructive return on fairness of 6.05%. The agency had income of $443.01 million for the quarter, in comparison with analysts’ expectations of $448.84 million. Equities analysts anticipate that Aveanna Healthcare will submit 0.02 EPS for the present fiscal 12 months.

Institutional Buying and selling of Aveanna Healthcare

Hedge funds have not too long ago made adjustments to their positions within the inventory. Zurcher Kantonalbank Zurich Cantonalbank purchased a brand new stake in shares of Aveanna Healthcare throughout the 2nd quarter value $25,000. AE Wealth Administration LLC purchased a brand new stake in shares of Aveanna Healthcare throughout the 2nd quarter value $31,000. BNP Paribas Arbitrage SNC purchased a brand new stake in shares of Aveanna Healthcare throughout the third quarter value $33,000. SG Americas Securities LLC purchased a brand new stake in shares of Aveanna Healthcare throughout the 2nd quarter value $38,000. Lastly, Balyasny Asset Administration LLC lifted its holdings in shares of Aveanna Healthcare by 129.4% throughout the third quarter. Balyasny Asset Administration LLC now owns 32,181 shares of the corporate’s inventory value $48,000 after buying an extra 18,155 shares over the past quarter. 91.65% of the inventory is owned by institutional traders.

About Aveanna Healthcare

(Get Rating)

Aveanna Healthcare Holdings Inc, a diversified residence care platform firm, offers personal obligation nursing (PDN), grownup residence well being and hospice, home-based pediatric remedy, and enteral vitamin companies in the USA. Its patient- centered care supply platform permits sufferers to stay of their houses and minimizes the overutilization of high-cost care settings, comparable to hospitals.

Learn Extra

This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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