SunTrust Banks, Inc. set a $52.00 price target on Almost Family Inc (NASDAQ:AFAM) in a research note released on Monday, October 16th. The firm currently has a hold rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut shares of Almost Family from an outperform rating to a neutral rating and lifted their price objective for the company from $55.00 to $64.00 in a research note on Monday, July 10th. BidaskClub cut shares of Almost Family from a buy rating to a hold rating in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a buy rating on shares of Almost Family in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Almost Family from a sell rating to a hold rating in a research report on Wednesday, September 20th. Finally, J P Morgan Chase & Co began coverage on shares of Almost Family in a research report on Monday, October 9th. They issued a neutral rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $56.50.
Shares of Almost Family (AFAM) opened at 46.55 on Monday. Almost Family has a 52-week low of $36.75 and a 52-week high of $62.95. The firm has a market cap of $638.53 million, a price-to-earnings ratio of 31.69 and a beta of 0.47. The company’s 50-day moving average is $48.59 and its 200 day moving average is $52.47.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The business had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $205.48 million. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 28.7% on a year-over-year basis. On average, analysts expect that Almost Family will post $2.15 earnings per share for the current fiscal year.
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In related news, SVP John Shermyen sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the sale, the senior vice president now owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 13.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AFAM. Municipal Employees Retirement System of Michigan lifted its holdings in Almost Family by 32.3% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock worth $127,000 after purchasing an additional 640 shares during the last quarter. US Bancorp DE lifted its holdings in Almost Family by 68.4% in the 2nd quarter. US Bancorp DE now owns 2,118 shares of the company’s stock worth $131,000 after purchasing an additional 860 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in Almost Family by 43.0% in the 1st quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock worth $135,000 after purchasing an additional 839 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Almost Family by 9.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the company’s stock worth $142,000 after purchasing an additional 251 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Almost Family by 78.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock worth $145,000 after purchasing an additional 1,034 shares during the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.
About Almost Family
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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