BidaskClub lowered shares of Almost Family Inc (NASDAQ:AFAM) from a buy rating to a hold rating in a research report report published on Monday, July 24th.
AFAM has been the topic of several other reports. Robert W. Baird downgraded shares of Almost Family from an outperform rating to a neutral rating and increased their price objective for the company from $55.00 to $64.00 in a report on Monday, July 10th. Royal Bank Of Canada reissued a buy rating and issued a $63.00 price target on shares of Almost Family in a research note on Tuesday, June 13th. Bank of America Corporation reissued a neutral rating and issued a $57.00 price target (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Jefferies Group LLC reissued a buy rating and issued a $58.00 price target on shares of Almost Family in a research note on Friday, March 31st. Finally, Zacks Investment Research downgraded shares of Almost Family from a hold rating to a sell rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Almost Family has a consensus rating of Hold and an average price target of $57.60.
Almost Family (NASDAQ:AFAM) opened at 48.95 on Monday. The stock has a market cap of $671.45 million, a PE ratio of 33.32 and a beta of 0.43. The company’s 50 day moving average is $53.33 and its 200-day moving average is $52.38. Almost Family has a 1-year low of $35.21 and a 1-year high of $62.95.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $200.70 million for the quarter, compared to the consensus estimate of $205.48 million. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Equities research analysts forecast that Almost Family will post $2.36 earnings per share for the current fiscal year.
In related news, VP Jeff Reibel sold 2,700 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $56.40, for a total transaction of $152,280.00. Following the completion of the sale, the vice president now directly owns 7,664 shares in the company, valued at $432,249.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP John Shermyen sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $61.61, for a total transaction of $184,830.00. Following the sale, the senior vice president now owns 81,864 shares of the company’s stock, valued at $5,043,641.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,067 shares of company stock worth $2,036,699. Insiders own 13.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in Almost Family during the second quarter valued at about $878,000. California State Teachers Retirement System boosted its stake in Almost Family by 3.7% in the second quarter. California State Teachers Retirement System now owns 22,601 shares of the company’s stock valued at $1,393,000 after buying an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Almost Family by 37.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,799 shares of the company’s stock valued at $603,000 after buying an additional 2,672 shares during the last quarter. State Street Corp boosted its stake in Almost Family by 7.1% in the second quarter. State Street Corp now owns 344,527 shares of the company’s stock valued at $21,234,000 after buying an additional 22,845 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Almost Family by 46.0% in the second quarter. Capital Research Global Investors now owns 457,000 shares of the company’s stock valued at $28,174,000 after buying an additional 144,000 shares during the last quarter. Hedge funds and other institutional investors own 83.94% 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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