BidaskClub upgraded shares of Almost Family (NASDAQ:AFAM) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning.
AFAM has been the subject of a number of other research reports. SunTrust Banks reiterated a hold rating and set a $58.00 price target on shares of Almost Family in a research note on Friday, November 10th. ValuEngine cut shares of Almost Family from a buy rating to a hold rating in a research note on Friday, December 1st. JPMorgan Chase & Co. increased their price target on shares of Almost Family to $59.00 and gave the stock a neutral rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Almost Family from a hold rating to a sell rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada reiterated a buy rating on shares of Almost Family in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $62.33.
Shares of Almost Family (NASDAQ:AFAM) traded up $1.60 during trading hours on Friday, reaching $59.40. 74,553 shares of the company were exchanged, compared to its average volume of 194,027. The firm has a market cap of $807.35, a PE ratio of 49.50, a P/E/G ratio of 2.25 and a beta of 0.52. 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 12-month low of $40.15 and a 12-month high of $66.15.
Almost Family (NASDAQ:AFAM) last issued its quarterly 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. The firm had revenue of $194.30 million during the quarter, compared to analysts’ expectations of $199.93 million. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. Almost Family’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. analysts anticipate that Almost Family will post 2.12 earnings per share for the current fiscal year.
In other news, Director Jonathan Goldberg sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 44,803 shares in the company, valued at approximately $2,691,764.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.10% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in shares of Almost Family by 1,261.0% in the third quarter. Sei Investments Co. now owns 1,361 shares of the company’s stock valued at $110,000 after purchasing an additional 1,261 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Almost Family in the third quarter valued at about $148,000. BNP Paribas Arbitrage SA lifted its stake in shares of Almost Family by 47.1% in the second quarter. BNP Paribas Arbitrage SA now owns 4,299 shares of the company’s stock valued at $265,000 after purchasing an additional 1,376 shares during the period. Numeric Investors LLC acquired a new stake in shares of Almost Family in the second quarter valued at about $333,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Almost Family by 24.5% in the third quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the company’s stock valued at $335,000 after purchasing an additional 1,229 shares during the period. Institutional investors own 84.90% 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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