California Public Employees Retirement System reduced its stake in shares of Almost Family Inc. (NASDAQ:AFAM) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,200 shares of the company’s stock after selling 600 shares during the period. California Public Employees Retirement System owned 0.45% of Almost Family worth $1,926,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System increased its stake in 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 during the period. ClariVest Asset Management LLC increased its stake in Almost Family by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 106,471 shares of the company’s stock worth $4,538,000 after buying an additional 1,232 shares during the period. First Midwest Bank Trust Division increased its stake in Almost Family by 45.0% in the second quarter. First Midwest Bank Trust Division now owns 23,952 shares of the company’s stock worth $1,021,000 after buying an additional 7,429 shares during the period. Bank of Montreal Can bought a new stake in Almost Family during the second quarter worth approximately $4,532,000. Finally, Foundry Partners LLC increased its stake in Almost Family by 0.3% in the second quarter. Foundry Partners LLC now owns 74,895 shares of the company’s stock worth $3,191,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.
Almost Family Inc. (NASDAQ:AFAM) traded down 0.90% during mid-day trading on Thursday, hitting $37.33. 28,298 shares of the company were exchanged. Almost Family Inc. has a 12-month low of $34.08 and a 12-month high of $45.17. The company has a 50 day moving average of $36.67 and a 200 day moving average of $39.80. The stock has a market cap of $379.16 million, a P/E ratio of 19.61 and a beta of 0.89.
Almost Family (NASDAQ:AFAM) last posted its earnings results 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. Almost Family had a return on equity of 8.53% and a net margin of 3.29%. The firm earned $156 million during the quarter, compared to the consensus estimate of $155.19 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities research analysts expect that Almost Family Inc. will post $2.45 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $47.50.
In other news, major shareholder North Tide Capital, Llc sold 11,200 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $40.65, for a total value of $455,280.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.10% of the stock is currently 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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