Cortina Asset Management LLC lowered its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 12.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,093 shares of the company’s stock after selling 45,298 shares during the quarter. Cortina Asset Management LLC owned about 2.20% of Almost Family worth $17,253,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Stone Ridge Asset Management LLC bought a new stake in Almost Family during the fourth quarter worth approximately $226,000. Teacher Retirement System of Texas bought a new stake in shares of Almost Family in the fourth quarter valued at approximately $230,000. Renaissance Technologies LLC bought a new stake in shares of Almost Family in the fourth quarter valued at approximately $244,000. Jane Street Group LLC bought a new stake in shares of Almost Family in the fourth quarter valued at approximately $260,000. Finally, Brinker Capital Inc. boosted its position in shares of Almost Family by 29.6% in the first quarter. Brinker Capital Inc. now owns 4,906 shares of the company’s stock valued at $275,000 after acquiring an additional 1,121 shares during the period. 84.64% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on AFAM. Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. BidaskClub raised Almost Family from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their price objective on Almost Family from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $59.00 price objective on shares of Almost Family in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.50.
AFAM opened at $56.00 on Friday. Almost Family Inc has a 1-year low of $40.15 and a 1-year high of $66.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $783.59 million, 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 posted its quarterly earnings data on Monday, February 26th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $200.62 million during the quarter, compared to analysts’ expectations of $203.44 million. Almost Family had a return on equity of 5.88% and a net margin of 2.56%. Almost Family’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. sell-side analysts predict that Almost Family Inc will post 2.87 EPS for the current year.
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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