ValuEngine downgraded shares of Almost Family (NASDAQ:AFAM) from a buy rating to a hold rating in a research report released on Friday morning.
Several other equities analysts have also weighed in on the company. Robert W. Baird set a $65.00 price target 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 lifted their price target for the company from $54.00 to $62.00 in a research note on Monday, November 20th. SunTrust Banks set a $73.00 price target on Almost Family and gave the company a hold rating in a research note on Friday, November 17th. Zacks Investment Research lowered Almost Family from a hold rating to a sell rating in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co lifted their price target on Almost Family to $59.00 and gave the company a neutral rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $62.33.
Almost Family (NASDAQ AFAM) opened at $58.70 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40. Almost Family has a 52 week low of $39.34 and a 52 week high of $66.15. The firm has a market capitalization of $827.60, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. The firm had revenue of $194.30 million during the quarter, compared to analyst estimates of $199.93 million. During the same quarter in the previous year, the business earned $0.66 EPS. Almost Family’s revenue for the quarter was up 21.1% compared to the same quarter last year. equities research analysts expect that Almost Family will post 2.11 earnings per share for the current fiscal year.
In related news, SVP John Shermyen sold 2,000 shares of Almost Family stock in a transaction dated 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 directly owns 79,864 shares in the company, valued at approximately $4,152,928. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Goldberg sold 10,000 shares of Almost Family 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 completion of the sale, the director now owns 44,803 shares in the company, valued at $2,691,764.24. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of AFAM. Teachers Advisors LLC boosted its holdings in Almost Family by 47.2% in the 1st quarter. Teachers Advisors LLC now owns 18,696 shares of the company’s stock worth $909,000 after buying an additional 5,999 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Almost Family by 4.1% during the 1st quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock worth $1,604,000 after purchasing an additional 1,300 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Almost Family by 33.0% during the 1st quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock worth $30,973,000 after purchasing an additional 157,955 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Almost Family by 25.6% during the 1st quarter. Geode Capital Management LLC now owns 93,964 shares of the company’s stock worth $4,566,000 after purchasing an additional 19,124 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Almost Family by 62.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,900 shares of the company’s stock worth $870,000 after purchasing an additional 6,900 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.
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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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