Almost Family Inc (NASDAQ:AFAM) was downgraded by Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Monday. They currently have a $62.00 price objective on the stock, up from their prior price objective of $54.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.06% from the company’s previous close.
A number of other research analysts also recently commented on the company. SunTrust Banks, Inc. set a $73.00 price target on Almost Family and gave the company a “hold” rating in a report on Friday, November 17th. ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded Almost Family from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. J P Morgan Chase & Co upped their price objective on Almost Family to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $58.00 price objective on shares of Almost Family in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.67.
Almost Family (NASDAQ AFAM) opened at $61.35 on Monday. The company has a market capitalization of $850.65, a PE ratio of 28.59, a P/E/G ratio of 2.99 and a beta of 0.40. Almost Family has a 1-year low of $39.34 and a 1-year high of $62.95. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $194.30 million during the quarter, compared to the consensus estimate 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 for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. equities analysts forecast that Almost Family will post 2.08 EPS for the current fiscal year.
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In other news, Director Jonathan Goldberg sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $60.08, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Shermyen sold 2,000 shares of the 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 sale, the senior vice president now owns 79,864 shares in the company, valued at $4,152,928. The disclosure for this sale can be found here. Corporate insiders own 13.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of Almost Family by 25.9% during the 3rd quarter. Sterling Capital Management LLC now owns 35,488 shares of the company’s stock worth $1,906,000 after purchasing an additional 7,311 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Almost Family during the 3rd quarter worth approximately $7,570,000. Envestnet Asset Management Inc. raised its position in shares of Almost Family by 24.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the company’s stock worth $335,000 after purchasing an additional 1,229 shares during the period. Pinebridge Investments L.P. raised its position in shares of Almost Family by 991.9% during the 3rd quarter. Pinebridge Investments L.P. now owns 17,154 shares of the company’s stock worth $921,000 after purchasing an additional 15,583 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Almost Family by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock worth $56,674,000 after purchasing an additional 66,316 shares during the period. Institutional investors and hedge funds own 83.26% 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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