Principal Financial Group Inc. raised its holdings in shares of Almost Family Inc (NASDAQ:AFAM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,934 shares of the company’s stock after buying an additional 4,100 shares during the quarter. Principal Financial Group Inc. owned about 0.79% of Almost Family worth $5,850,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Almost Family by 4.7% during the second quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock worth $93,979,000 after buying an additional 68,221 shares in the last quarter. Tributary Capital Management LLC grew its holdings in shares of Almost Family by 21.3% during the third quarter. Tributary Capital Management LLC now owns 246,125 shares of the company’s stock worth $13,217,000 after buying an additional 43,174 shares in the last quarter. Scout Investments Inc. purchased a new stake in shares of Almost Family during the second quarter worth $3,679,000. US Bancorp DE grew its holdings in shares of Almost Family by 68.4% during the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock worth $131,000 after buying an additional 860 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Almost Family by 4.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 7,138 shares of the company’s stock valued at $347,000 after acquiring an additional 320 shares during the last quarter. 84.87% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada cut shares of Almost Family from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $54.00 to $62.00 in a research report on Monday, November 20th. Robert W. Baird set a $65.00 target price on shares of Almost Family and gave the company a “hold” rating in a research report on Tuesday, November 28th. ValuEngine cut shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. J P Morgan Chase & Co assumed coverage on shares of Almost Family in a research report on Monday, October 9th. They issued a “neutral” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Almost Family has an average rating of “Hold” and a consensus target price of $62.33.
In other Almost Family news, Director Jonathan Goldberg sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total value of $600,800.00. Following the transaction, the director now directly owns 44,803 shares in the company, valued at $2,691,764.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the completion of the transaction, 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.
Shares of Almost Family Inc (NASDAQ:AFAM) opened at $56.80 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 Inc has a one year low of $39.35 and a one year high of $66.15. The firm has a market cap of $805.25, a P/E ratio of 27.07, a P/E/G ratio of 2.79 and a beta of 0.52.
Almost Family (NASDAQ:AFAM) last released its earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The firm had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. analysts predict that Almost Family Inc will post 2.11 EPS for the current fiscal year.
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Almost Family 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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