Aveanna Healthcare (NASDAQ:AVAH) Trading Down 3.6% – Here’s What Happened

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares were down 3.6% on Tuesday . The stock traded as low as $4.28 and last traded at $4.32. Approximately 27,678 shares were traded during trading, a decline of 86% from the average daily volume of 200,144 shares. The stock had previously closed at $4.48.

Aveanna Healthcare Trading Down 1.3 %

The stock’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $4.57. The company has a market capitalization of $854.05 million, a price-to-earnings ratio of -13.00 and a beta of 2.20.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $509.02 million for the quarter, compared to analysts’ expectations of $495.80 million. During the same quarter last year, the company earned ($0.05) EPS. On average, analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Aveanna Healthcare

Institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its stake in Aveanna Healthcare by 297.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 355,340 shares of the company’s stock valued at $1,848,000 after buying an additional 265,969 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aveanna Healthcare during the 3rd quarter worth about $817,000. Renaissance Technologies LLC raised its position in shares of Aveanna Healthcare by 155.8% during the 2nd quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock worth $438,000 after acquiring an additional 96,600 shares in the last quarter. Jane Street Group LLC boosted its holdings in Aveanna Healthcare by 127.4% in the third quarter. Jane Street Group LLC now owns 118,803 shares of the company’s stock valued at $618,000 after purchasing an additional 66,561 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Aveanna Healthcare by 4.7% in the third quarter. Geode Capital Management LLC now owns 1,401,016 shares of the company’s stock valued at $7,287,000 after purchasing an additional 63,190 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.