Aveanna Healthcare (NASDAQ:AVAH) Stock Price Down 8.3% – Should You Sell?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price fell 8.3% during trading on Friday . The company traded as low as $4.48 and last traded at $4.43. 63,129 shares were traded during trading, a decline of 61% from the average session volume of 163,259 shares. The stock had previously closed at $4.83.

Wall Street Analysts Forecast Growth

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

Aveanna Healthcare Price Performance

The company has a market capitalization of $827.99 million, a PE ratio of -12.66 and a beta of 2.24. The company has a 50 day moving average of $4.70 and a two-hundred day moving average of $5.02.

Institutional Investors Weigh In On Aveanna Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew 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 worth $7,287,000 after purchasing an additional 63,190 shares during the period. State Street Corp grew its stake in shares of Aveanna Healthcare by 0.9% in the third quarter. State Street Corp now owns 1,039,920 shares of the company’s stock worth $5,408,000 after acquiring an additional 9,446 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Aveanna Healthcare by 50.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 533,196 shares of the company’s stock worth $2,437,000 after acquiring an additional 177,856 shares during the last quarter. Northern Trust Corp grew its stake in shares of Aveanna Healthcare by 11.3% in the fourth quarter. Northern Trust Corp now owns 478,907 shares of the company’s stock worth $2,189,000 after acquiring an additional 48,572 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Aveanna Healthcare by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 466,706 shares of the company’s stock worth $2,133,000 after acquiring an additional 4,047 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.