Almost Family Inc. (NASDAQ:AFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “
Shares of Almost Family (NASDAQ:AFAM) traded up 2.76% during trading on Tuesday, hitting $37.21. 57,529 shares of the stock traded hands. The firm’s 50-day moving average price is $36.78 and its 200-day moving average price is $39.80. The stock has a market cap of $377.94 million, a PE ratio of 19.54 and a beta of 0.89. Almost Family has a 12 month low of $34.08 and a 12 month high of $45.17.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.03. The firm earned $156 million during the quarter, compared to analysts’ expectations of $155.19 million. Almost Family had a return on equity of 8.53% and a net margin of 3.29%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Analysts anticipate that Almost Family will post $2.45 EPS for the current year.
In other news, major shareholder North Tide Capital, Llc sold 5,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $40.65, for a total value of $203,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.10% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake in shares of Almost Family by 11.6% in the second quarter. Nationwide Fund Advisors now owns 7,079 shares of the company’s stock worth $302,000 after buying an additional 735 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Almost Family by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 42,305 shares of the company’s stock worth $1,802,000 after buying an additional 1,835 shares during the period. Chartwell Investment Partners LLC purchased a new stake in shares of Almost Family during the second quarter worth about $2,418,000. California State Teachers Retirement System boosted its stake in shares of Almost Family by 10.9% in the second quarter. California State Teachers Retirement System now owns 17,001 shares of the company’s stock worth $724,000 after buying an additional 1,666 shares during the period. Finally, ClariVest Asset Management LLC boosted its stake in shares of Almost Family by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 106,471 shares of the company’s stock worth $4,538,000 after buying an additional 1,232 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.
Almost Family Company Profile
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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