Aveanna Healthcare (NASDAQ:AVAH) Stock Price Up 8.2% – Here’s What Happened

Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) rose 8.2% during trading on Tuesday . The company traded as high as $4.90 and last traded at $4.98. Approximately 68,027 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 158,334 shares. The stock had previously closed at $4.60.

Analyst Upgrades and Downgrades

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

Aveanna Healthcare Price Performance

The company’s 50-day simple moving average is $4.71 and its 200-day simple moving average is $5.03. The stock has a market capitalization of $960.35 million, a P/E ratio of -14.62 and a beta of 2.24.

Institutional Trading of Aveanna Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Aveanna Healthcare by 266.4% during the third quarter. JPMorgan Chase & Co. now owns 85,714 shares of the company’s stock worth $446,000 after acquiring an additional 62,319 shares in the last quarter. State Street Corp raised its position in Aveanna Healthcare by 0.9% during 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Aveanna Healthcare in the third quarter valued at about $92,000. Barclays PLC raised its position in shares of Aveanna Healthcare by 80.1% in the third quarter. Barclays PLC now owns 122,689 shares of the company’s stock valued at $637,000 after purchasing an additional 54,557 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Aveanna Healthcare by 127.4% in 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 during the period. 87.96% of the stock is owned by 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.