Stone Ridge Asset Management LLC Buys New Holdings in Almost Family Inc (AFAM)

Stone Ridge Asset Management LLC bought a new stake in shares of Almost Family Inc (NASDAQ:AFAM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,089 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in Almost Family by 2.4% during the 4th quarter. BlackRock Inc. now owns 1,682,975 shares of the company’s stock valued at $93,153,000 after acquiring an additional 39,912 shares during the period. Dimensional Fund Advisors LP raised its holdings in Almost Family by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock valued at $56,674,000 after acquiring an additional 66,316 shares during the period. Cortina Asset Management LLC raised its holdings in Almost Family by 1.3% during the 4th quarter. Cortina Asset Management LLC now owns 353,391 shares of the company’s stock valued at $19,560,000 after acquiring an additional 4,651 shares during the period. Chicago Capital Management LLC bought a new stake in Almost Family during the 4th quarter valued at $11,325,000. Finally, Foundry Partners LLC raised its holdings in Almost Family by 9.2% during the 4th quarter. Foundry Partners LLC now owns 164,645 shares of the company’s stock valued at $9,113,000 after acquiring an additional 13,859 shares during the period. 84.64% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have issued reports on AFAM shares. BidaskClub cut shares of Almost Family from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Zacks Investment Research cut shares of Almost Family from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada reissued a “hold” rating and set a $59.00 target price on shares of Almost Family in a report on Tuesday, February 27th. Finally, JPMorgan Chase decreased their price target on shares of Almost Family from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Almost Family presently has an average rating of “Hold” and an average target price of $61.71.

Almost Family stock opened at $56.00 on Friday. The firm has a market capitalization of $783.59, a PE ratio of 26.67, a PEG ratio of 1.15 and a beta of 0.58. Almost Family Inc has a fifty-two week low of $40.15 and a fifty-two week high of $66.15. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.21.

Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Monday, February 26th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $200.62 million for the quarter, compared to analysts’ expectations of $203.44 million. Almost Family had a net margin of 2.56% and a return on equity of 5.88%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. sell-side analysts anticipate that Almost Family Inc will post 2.87 earnings per share for the current year.

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Almost Family Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

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Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

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