Almost Family Inc. (AFAM) Stock Rating Upgraded by RBC Capital Markets
Almost Family Inc. (NASDAQ:AFAM) was upgraded by research analysts at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.
AFAM has been the subject of several other research reports. Zacks Investment Research upgraded shares of Almost Family from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Thursday, August 4th. Royal Bank Of Canada upgraded shares of Almost Family from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $48.00 to $55.00 in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $49.25.
Almost Family (NASDAQ:AFAM) opened at 40.80 on Wednesday. The company has a 50-day moving average of $36.71 and a 200 day moving average of $39.88. Almost Family has a one year low of $34.08 and a one year high of $45.17. The company has a market cap of $414.41 million, a P/E ratio of 21.43 and a beta of 0.89.
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Almost Family (NASDAQ:AFAM) last released its quarterly 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. 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%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Equities research analysts predict that Almost Family will post $2.45 EPS for the current year.
In related news, major shareholder North Tide Capital, Llc sold 36,200 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.42, for a total transaction of $1,463,204.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its stake in shares of Almost Family by 9.8% in the second quarter. BlackRock Advisors LLC now owns 4,121 shares of the company’s stock worth $176,000 after buying an additional 368 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Almost Family during the second quarter worth approximately $211,000. Citigroup Inc. boosted its stake in shares of Almost Family by 8.0% in the second quarter. Citigroup Inc. now owns 5,530 shares of the company’s stock worth $236,000 after buying an additional 410 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Almost Family during the second quarter worth approximately $242,000. Finally, American International Group Inc. boosted its stake in shares of Almost Family by 7.3% in the second quarter. American International Group Inc. now owns 6,135 shares of the company’s stock worth $261,000 after buying an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 76.93% 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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