Systematic Financial Management LP cut its stake in shares of Almost Family Inc. (NASDAQ:AFAM) by 5.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,153 shares of the company’s stock after selling 2,230 shares during the period. Systematic Financial Management LP owned 0.36% of Almost Family worth $1,540,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Chartwell Investment Partners LLC purchased a new stake in shares of Almost Family during the second quarter valued at $2,418,000. California State Teachers Retirement System boosted 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 valued at $724,000 after buying an additional 1,666 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Almost Family by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 106,471 shares of the company’s stock valued at $4,538,000 after buying an additional 1,232 shares during the period. First Midwest Bank Trust Division boosted its stake in shares of Almost Family by 45.0% in the second quarter. First Midwest Bank Trust Division now owns 23,952 shares of the company’s stock valued at $1,021,000 after buying an additional 7,429 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Almost Family during the second quarter valued at $4,532,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Almost Family Inc. (NASDAQ:AFAM) opened at 36.70 on Friday. Almost Family Inc. has a 12-month low of $34.08 and a 12-month high of $45.17. The firm’s 50-day moving average is $37.28 and its 200-day moving average is $39.76. The firm has a market cap of $372.76 million, a PE ratio of 19.28 and a beta of 1.02.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.03. Almost Family had a net margin of 3.29% and a return on equity of 8.53%. The company had revenue of $156 million for the quarter, compared to analyst estimates of $155.19 million. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. Equities analysts expect that Almost Family Inc. will post $2.45 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Almost Family has a consensus rating of “Hold” and a consensus target price of $47.50.
In other news, major shareholder North Tide Capital, Llc sold 27,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $43.41, for a total transaction of $1,172,070.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.10% of the company’s stock.
About Almost Family
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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