Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Short Interest Down 13.8% in January

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,250,000 shares, a drop of 13.8% from the December 31st total of 1,450,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average trading volume of 245,700 shares, the days-to-cover ratio is presently 5.1 days.

Aveanna Healthcare Stock Down 1.1 %

Shares of Aveanna Healthcare stock traded down $0.05 during trading on Monday, reaching $4.55. 177,295 shares of the stock were exchanged, compared to its average volume of 166,423. Aveanna Healthcare has a 1 year low of $2.00 and a 1 year high of $6.19. The firm has a market cap of $879.20 million, a price-to-earnings ratio of -13.38 and a beta of 2.24. The stock’s fifty day moving average is $4.90 and its 200 day moving average is $4.97.

Aveanna Healthcare (NASDAQ:AVAH) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $509.02 million during the quarter, compared to the consensus estimate of $495.80 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Equities analysts forecast that Aveanna Healthcare will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its position in shares of Aveanna Healthcare by 297.6% during 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 during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aveanna Healthcare in the 3rd quarter worth approximately $817,000. Renaissance Technologies LLC lifted its stake in shares of Aveanna Healthcare by 155.8% in the 2nd quarter. Renaissance Technologies LLC now owns 158,600 shares of the company’s stock valued at $438,000 after purchasing an additional 96,600 shares during the period. Jane Street Group LLC boosted its position in shares of Aveanna Healthcare by 127.4% during 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 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. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.