California State Teachers Retirement System boosted its position in Almost Family Inc. (NASDAQ:AFAM) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,001 shares of the company’s stock after buying an additional 1,666 shares during the period. California State Teachers Retirement System owned 0.17% of Almost Family worth $724,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in AFAM. 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 worth $789,000 after buying an additional 1,900 shares during the period. 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 worth $19,108,000 after buying an additional 10,646 shares during the period. 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 worth $2,143,000 after buying an additional 5,480 shares during the period. Renaissance Technologies LLC increased its position in Almost Family by 19.3% in the first quarter. Renaissance Technologies LLC now owns 93,500 shares of the company’s stock worth $3,482,000 after buying an additional 15,100 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Almost Family during the first quarter worth approximately $448,000. Institutional investors own 76.93% of the company’s stock.
Shares of Almost Family Inc. (NASDAQ:AFAM) traded down 1.31% during midday trading on Monday, hitting $36.29. The company had a trading volume of 20,773 shares. The firm has a market cap of $368.60 million, a price-to-earnings ratio of 19.06 and a beta of 0.89. The company’s 50 day moving average is $36.88 and its 200 day moving average is $39.74. Almost Family Inc. has a one year low of $34.08 and a one year high of $45.17.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.03. Almost Family had a net margin of 3.29% and a return on equity of 8.53%. The business had revenue of $156 million for the quarter, compared to analysts’ expectations of $155.19 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities analysts forecast that Almost Family Inc. will post $2.45 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Almost Family presently has an average rating of “Hold” and a consensus price target of $47.50.
In other news, major shareholder North Tide Capital, Llc sold 62,500 shares of Almost Family stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $44.14, for a total transaction of $2,758,750.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 13.10% 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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