Point72 Asset Management L.P. Invests $7.57 Million in Almost Family Inc (AFAM) Stock

Point72 Asset Management L.P. bought a new stake in Almost Family Inc (NASDAQ:AFAM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 140,970 shares of the company’s stock, valued at approximately $7,570,000. Point72 Asset Management L.P. owned 1.01% of Almost Family at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Almost Family by 4.7% in the second quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock valued at $93,979,000 after buying an additional 68,221 shares during the period. Tributary Capital Management LLC lifted its stake in Almost Family by 21.3% in the third quarter. Tributary Capital Management LLC now owns 246,125 shares of the company’s stock valued at $13,217,000 after buying an additional 43,174 shares during the period. Scout Investments Inc. acquired a new position in Almost Family in the second quarter valued at about $3,679,000. US Bancorp DE lifted its stake in Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock valued at $131,000 after buying an additional 860 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Almost Family by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 7,138 shares of the company’s stock valued at $347,000 after buying an additional 320 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on AFAM. ValuEngine lowered Almost Family from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Robert W. Baird set a $65.00 target price on Almost Family and gave the company a “hold” rating in a research note on Tuesday, November 28th. Royal Bank of Canada lowered Almost Family from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $54.00 to $62.00 in a research note on Monday, November 20th. SunTrust Banks set a $73.00 target price on Almost Family and gave the company a “hold” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Almost Family presently has a consensus rating of “Hold” and an average target price of $62.33.

Shares of Almost Family Inc (NASDAQ AFAM) opened at $57.00 on Monday. The company has a market capitalization of $796.18, a PE ratio of 26.76, a PEG ratio of 2.76 and a beta of 0.52. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. Almost Family Inc has a 1 year low of $40.15 and a 1 year high of $66.15.

Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. Almost Family’s revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. research analysts forecast that Almost Family Inc will post 2.11 EPS for the current year.

In other news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $52.00, for a total transaction of $104,000.00. Following the sale, the senior vice president now owns 79,864 shares of the company’s stock, valued at $4,152,928. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan Goldberg sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $60.08, for a total value of $600,800.00. Following the sale, the director now directly owns 44,803 shares in the company, valued at approximately $2,691,764.24. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.

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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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Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

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