Principal Financial Group Inc. Has $3.82 Million Stock Position in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Principal Financial Group Inc. trimmed its position in shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAHFree Report) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,208,351 shares of the company’s stock after selling 28,512 shares during the quarter. Principal Financial Group Inc.’s holdings in Aveanna Healthcare were worth $3,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aveanna Healthcare during the 2nd quarter worth approximately $25,000. Lazard Asset Management LLC acquired a new stake in shares of Aveanna Healthcare in the second quarter valued at $26,000. Citigroup Inc. raised its holdings in shares of Aveanna Healthcare by 6,083.2% in the second quarter. Citigroup Inc. now owns 15,458 shares of the company’s stock valued at $26,000 after buying an additional 15,208 shares during the last quarter. Deutsche Bank AG lifted its position in Aveanna Healthcare by 67.8% during the 1st quarter. Deutsche Bank AG now owns 26,882 shares of the company’s stock worth $28,000 after buying an additional 10,863 shares in the last quarter. Finally, Creative Planning bought a new stake in Aveanna Healthcare during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 88.58% of the company’s stock.

Aveanna Healthcare Price Performance

Shares of NASDAQ:AVAH opened at $2.41 on Thursday. The company has a 50 day moving average of $2.52 and a 200-day moving average of $1.89. Aveanna Healthcare Holdings Inc. has a one year low of $0.85 and a one year high of $3.00. The stock has a market cap of $459.66 million, a price-to-earnings ratio of -1.30 and a beta of 2.05.

Aveanna Healthcare (NASDAQ:AVAHGet Free Report) last issued its earnings results on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $478.01 million for the quarter, compared to the consensus estimate of $450.04 million. Aveanna Healthcare had a negative net margin of 18.56% and a negative return on equity of 70.08%. Equities research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AVAH shares. JPMorgan Chase & Co. cut shares of Aveanna Healthcare from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 13th. UBS Group began coverage on Aveanna Healthcare in a research report on Thursday, November 30th. They issued a “sell” rating and a $1.50 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, Aveanna Healthcare currently has an average rating of “Reduce” and an average target price of $1.78.

View Our Latest Stock Report on AVAH

Aveanna Healthcare Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aveanna Healthcare (NASDAQ:AVAH)

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