Teacher Retirement System of Texas Has $1.99 Million Holdings in Aveanna Healthcare Holdings Inc. $AVAH

Teacher Retirement System of Texas boosted its holdings in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) by 232.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,375 shares of the company’s stock after buying an additional 156,947 shares during the quarter. Teacher Retirement System of Texas owned about 0.11% of Aveanna Healthcare worth $1,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Aveanna Healthcare during the 2nd quarter worth about $43,000. MQS Management LLC bought a new position in Aveanna Healthcare during the second quarter worth $59,000. Belvedere Trading LLC bought a new stake in shares of Aveanna Healthcare during the second quarter valued at approximately $62,000. Oxford Asset Management LLP bought a new position in Aveanna Healthcare in the second quarter worth $64,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Aveanna Healthcare in the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Transactions at Aveanna Healthcare

In related news, insider Patrick A. Cunningham sold 12,445 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $7.85, for a total value of $97,693.25. Following the transaction, the insider owned 293,354 shares in the company, valued at $2,302,828.90. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edwin C. Reisz sold 17,613 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $7.85, for a total value of $138,262.05. Following the sale, the insider directly owned 1,321,114 shares of the company’s stock, valued at $10,370,744.90. This represents a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 259,638 shares of company stock worth $2,109,595 in the last quarter. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AVAH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aveanna Healthcare in a research report on Monday, December 29th. Royal Bank Of Canada upped their price objective on Aveanna Healthcare from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, January 15th. BMO Capital Markets initiated coverage on Aveanna Healthcare in a report on Thursday, November 13th. They issued an “outperform” rating and a $11.00 target price for the company. Truist Financial upped their price target on Aveanna Healthcare from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, William Blair initiated coverage on shares of Aveanna Healthcare in a report on Monday, December 8th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.06.

Aveanna Healthcare Stock Performance

Aveanna Healthcare stock opened at $8.40 on Friday. The stock has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $8.06. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 23.33 and a beta of 2.06. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 140.39. Aveanna Healthcare Holdings Inc. has a 12-month low of $3.67 and a 12-month high of $10.32.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. Aveanna Healthcare had a net margin of 3.29% and a negative return on equity of 143.55%. The firm had revenue of $621.94 million during the quarter, compared to analysts’ expectations of $578.57 million. On average, research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.06 earnings per share for the current fiscal year.

About Aveanna Healthcare

Aveanna Healthcare, Inc (NASDAQ: AVAH) is a national provider of in-home health care services, specializing in pediatric skilled nursing, therapy, and related support for medically complex and chronically ill children. The company delivers a range of clinical and therapeutic solutions designed to enable patients to receive care in the comfort of their own homes, reducing the need for hospital stays and long-term institutional care. Aveanna’s offerings include registered nursing, physical, occupational and speech therapy, behavioral health counseling, and durable medical equipment coordination.

In addition to pediatric home health services, Aveanna operates adult home health and personal care support programs, assisting elderly and disabled adults with daily living activities, medication management, and rehabilitation therapies.