Almost Family Inc (NASDAQ:AFAM)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank Of Canada in a report issued on Wednesday.
A number of other brokerages have also commented on AFAM. Robert W. Baird lowered Almost Family from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $64.00 in a research report on Monday, July 10th. Zacks Investment Research lowered Almost Family from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub lowered Almost Family from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine lowered Almost Family from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co assumed coverage on Almost Family in a research report on Monday. They issued a “neutral” rating and a $54.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.40.
Almost Family (AFAM) traded down 1.28% on Wednesday, hitting $46.10. The stock had a trading volume of 5,847 shares. The stock has a market capitalization of $632.35 million, a price-to-earnings ratio of 31.38 and a beta of 0.47. The company has a 50-day moving average price of $48.87 and a 200-day moving average price of $52.53. Almost Family has a 52 week low of $36.39 and a 52 week high of $62.95.
Almost Family (NASDAQ:AFAM) last issued its earnings results on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The business had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. Equities research analysts anticipate that Almost Family will post $2.18 earnings per share for the current fiscal year.
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In other Almost Family 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 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 approximately $4,152,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.10% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. USA Financial Portformulas Corp acquired a new position in Almost Family during the 2nd quarter valued at about $615,000. WINTON GROUP Ltd acquired a new position in Almost Family during the 2nd quarter valued at about $878,000. California State Teachers Retirement System boosted its stake in Almost Family by 3.7% during the 2nd quarter. California State Teachers Retirement System now owns 22,601 shares of the company’s stock valued at $1,393,000 after purchasing an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Almost Family by 37.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,799 shares of the company’s stock valued at $603,000 after purchasing an additional 2,672 shares during the last quarter. Finally, State Street Corp boosted its stake in Almost Family by 7.1% during the 2nd quarter. State Street Corp now owns 344,527 shares of the company’s stock valued at $21,234,000 after purchasing an additional 22,845 shares during the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.
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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