Almost Family Inc. (NASDAQ:AFAM) has been given a consensus rating of “Buy” by the six research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $51.00.
Several equities analysts have weighed in on the company. RBC Capital Markets raised Almost Family from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Royal Bank Of Canada raised Almost Family from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $55.00 in a report on Wednesday. Finally, Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th.
Almost Family (NASDAQ:AFAM) traded up 3.06% during trading on Wednesday, reaching $42.05. The company’s stock had a trading volume of 108,634 shares. Almost Family has a 52-week low of $34.08 and a 52-week high of $45.17. The stock has a market cap of $427.10 million, a price-to-earnings ratio of 22.09 and a beta of 0.89. The firm has a 50 day moving average price of $36.71 and a 200-day moving average price of $39.88.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The company earned $156 million during the quarter, compared to analyst estimates of $155.19 million. Almost Family had a net margin of 3.29% and a return on equity of 8.53%. Almost Family’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts expect that Almost Family will post $2.45 earnings per share for the current year.
In related news, major shareholder North Tide Capital, Llc sold 36,200 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $40.42, for a total transaction of $1,463,204.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 13.10% of the company’s stock.
A number of large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. purchased a new stake in shares of Almost Family during the second quarter worth $211,000. Nationwide Fund Advisors raised its stake in shares of Almost Family by 11.6% in the second quarter. Nationwide Fund Advisors now owns 7,079 shares of the company’s stock worth $302,000 after buying an additional 735 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Almost Family by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 42,305 shares of the company’s stock worth $1,802,000 after buying an additional 1,835 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in shares of Almost Family during the second quarter worth $2,418,000. Finally, California State Teachers Retirement System raised its stake in shares of Almost Family by 10.9% in the second quarter. California State Teachers Retirement System now owns 17,001 shares of the company’s stock worth $724,000 after buying an additional 1,666 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.
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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