JPMorgan Chase & Co. cut its position in Almost Family Inc (NASDAQ:AFAM) by 10.2% during the first quarter, Holdings Channel reports. The firm owned 28,229 shares of the company’s stock after selling 3,197 shares during the period. JPMorgan Chase & Co.’s holdings in Almost Family were worth $1,372,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Almost Family by 403.9% in the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock worth $27,952,000 after buying an additional 461,002 shares during the last quarter. Tygh Capital Management Inc. bought a new position in shares of Almost Family during the first quarter worth approximately $5,617,000. Renaissance Technologies LLC increased its position in shares of Almost Family by 135.4% in the fourth quarter. Renaissance Technologies LLC now owns 101,000 shares of the company’s stock worth $4,454,000 after buying an additional 58,100 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in shares of Almost Family by 547.2% in the first quarter. Monarch Partners Asset Management LLC now owns 59,605 shares of the company’s stock worth $2,897,000 after buying an additional 50,395 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Almost Family by 32.0% in the first quarter. Bank of New York Mellon Corp now owns 138,184 shares of the company’s stock worth $6,716,000 after buying an additional 33,528 shares during the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
Almost Family Inc (AFAM) opened at 57.75 on Friday. The stock’s 50 day moving average price is $60.21 and its 200 day moving average price is $52.03. The firm has a market capitalization of $733.08 million, a P/E ratio of 36.53 and a beta of 0.47. Almost Family Inc has a 12 month low of $35.21 and a 12 month high of $62.95.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The firm had revenue of $201.31 million for the quarter, compared to analysts’ expectations of $204.79 million. Almost Family had a net margin of 2.59% and a return on equity of 7.67%. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, analysts forecast that Almost Family Inc will post $2.42 earnings per share for the current year.
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AFAM has been the subject of a number of research reports. Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Bank of America Corporation restated a “neutral” rating and issued a $57.00 target price (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and issued a $63.00 target price on shares of Almost Family in a research note on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and issued a $58.00 target price on shares of Almost Family in a research note on Friday, March 31st. Finally, Robert W. Baird downgraded Almost Family from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $55.00 to $64.00 in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.60.
In other Almost Family news, CEO William B. Yarmuth sold 30,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $56.82, for a total transaction of $1,704,600.00. Following the sale, the chief executive officer now directly owns 430,794 shares of the company’s stock, valued at $24,477,715.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven B. Bing sold 875 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $49.35, for a total transaction of $43,181.25. Following the sale, the director now directly owns 13,599 shares in the company, valued at $671,110.65. The disclosure for this sale can be found here. Insiders have sold 76,942 shares of company stock worth $4,350,980 over the last ninety days. Insiders own 13.10% of the company’s stock.
Almost Family Company 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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