Schwab Charles Investment Management Inc. Grows Stake in Almost Family Inc (AFAM)

Schwab Charles Investment Management Inc. increased its position in shares of Almost Family Inc (NASDAQ:AFAM) by 140.1% during the third quarter, HoldingsChannel.com reports. The firm owned 50,659 shares of the company’s stock after buying an additional 29,559 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Almost Family were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. increased its position in shares of Almost Family by 18.2% during the third quarter. Jupiter Asset Management Ltd. now owns 67,056 shares of the company’s stock valued at $3,601,000 after purchasing an additional 10,309 shares during the period. Wells Fargo & Company MN increased its position in shares of Almost Family by 30.4% during the third quarter. Wells Fargo & Company MN now owns 32,495 shares of the company’s stock valued at $1,745,000 after purchasing an additional 7,567 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Almost Family by 15.1% during the third quarter. Great West Life Assurance Co. Can now owns 18,437 shares of the company’s stock valued at $979,000 after purchasing an additional 2,418 shares during the period. South Dakota Investment Council increased its position in shares of Almost Family by 21.2% during the third quarter. South Dakota Investment Council now owns 26,900 shares of the company’s stock valued at $1,445,000 after purchasing an additional 4,700 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Almost Family by 24.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 11,600 shares of the company’s stock valued at $623,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 84.90% of the company’s stock.

Shares of Almost Family Inc (NASDAQ:AFAM) opened at $59.15 on Wednesday. Almost Family Inc has a 1 year low of $40.15 and a 1 year high of $66.15. The firm has a market capitalization of $808.74, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40.

Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. The firm had revenue of $194.30 million for the quarter, compared to analysts’ expectations of $199.93 million. During the same period in the prior year, the business posted $0.66 earnings per share. The business’s revenue was up 21.1% compared to the same quarter last year. equities research analysts anticipate that Almost Family Inc will post 2.12 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Royal Bank of Canada cut Almost Family from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $54.00 to $62.00 in a research report on Monday, November 20th. SunTrust Banks set a $73.00 price objective on Almost Family and gave the company a “hold” rating in a research report on Friday, November 17th. Robert W. Baird set a $65.00 price objective on Almost Family and gave the company a “hold” rating in a research report on Tuesday, November 28th. ValuEngine cut Almost Family from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut Almost Family from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock presently 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 company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $60.08, for a total value of $600,800.00. Following the sale, the director now directly owns 44,803 shares in the company, valued at $2,691,764.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.10% 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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Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

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