Jane Street Group LLC bought a new position in Almost Family Inc (NASDAQ:AFAM) during the fourth quarter, Holdings Channel reports. The firm bought 4,690 shares of the company’s stock, valued at approximately $260,000.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Almost Family during the third quarter valued at approximately $148,000. Stone Ridge Asset Management LLC purchased a new stake in Almost Family during the fourth quarter valued at approximately $226,000. Teacher Retirement System of Texas purchased a new stake in Almost Family during the fourth quarter valued at approximately $230,000. Renaissance Technologies LLC purchased a new stake in Almost Family during the fourth quarter valued at approximately $244,000. Finally, Envestnet Asset Management Inc. raised its position in Almost Family by 24.5% during 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 and hedge funds own 84.64% of the company’s stock.
Shares of NASDAQ AFAM opened at $56.00 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.21. Almost Family Inc has a fifty-two week low of $40.15 and a fifty-two week high of $66.15. The company has a market capitalization of $783.59, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Almost Family had a return on equity of 5.88% and a net margin of 2.56%. The firm had revenue of $200.62 million for the quarter, compared to the consensus estimate of $203.44 million. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. equities research analysts anticipate that Almost Family Inc will post 2.87 earnings per share for the current year.
A number of brokerages have issued reports on AFAM. Royal Bank of Canada restated a “hold” rating and set a $59.00 price objective on shares of Almost Family in a research report on Tuesday, February 27th. BidaskClub downgraded Almost Family from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Zacks Investment Research upgraded Almost Family from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, March 7th. Finally, JPMorgan Chase reduced their price target on Almost Family from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $61.71.
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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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