Bank of Montreal Can acquired a new position in shares of Almost Family Inc (NASDAQ:AFAM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 106,368 shares of the company’s stock, valued at approximately $4,532,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of Almost Family during the first quarter worth about $448,000. BlackRock Fund Advisors increased its position in Almost Family by 2.1% in the first quarter. BlackRock Fund Advisors now owns 513,110 shares of the company’s stock valued at $19,108,000 after buying an additional 10,646 shares during the last quarter. Geode Capital Management LLC increased its position in Almost Family by 10.5% in the first quarter. Geode Capital Management LLC now owns 57,558 shares of the company’s stock valued at $2,143,000 after buying an additional 5,480 shares during the last quarter. Prudential Financial Inc. increased its position in Almost Family by 9.8% in the first quarter. Prudential Financial Inc. now owns 21,192 shares of the company’s stock valued at $789,000 after buying an additional 1,900 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in Almost Family by 25.2% in the second quarter. Capstone Asset Management Co. now owns 7,393 shares of the company’s stock valued at $315,000 after buying an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.
Almost Family Inc (NASDAQ:AFAM) traded down 0.86% during mid-day trading on Thursday, reaching $36.71. The company had a trading volume of 26,098 shares. Almost Family Inc has a 52 week low of $34.08 and a 52 week high of $45.17. The stock’s 50-day moving average price is $36.55 and its 200 day moving average price is $39.84. The firm has a market capitalization of $372.86 million, a PE ratio of 19.28 and a beta of 0.89.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.03. The business earned $156 million during the quarter, compared to analyst estimates of $155.19 million. Almost Family had a return on equity of 8.53% and a net margin of 3.29%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, equities research analysts predict that Almost Family Inc will post $2.45 EPS for the current year.
Separately, Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $47.50.
In other news, major shareholder North Tide Capital, Llc sold 54,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $42.25, for a total value of $2,281,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.10% of the stock is owned by insiders.
Almost Family Company Profile
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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