Almost Family Inc (NASDAQ:AFAM) Downgraded by Zacks Investment Research to Sell
Almost Family Inc (NASDAQ:AFAM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “
Several other research analysts also recently commented on the company. Robert W. Baird downgraded Almost Family from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $55.00 to $64.00 in a research report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 price target on shares of Almost Family in a research report on Tuesday, June 13th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $57.00 price target (up from $52.00) on shares of Almost Family in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $58.00 price target on shares of Almost Family in a research report on Friday, March 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.60.
Almost Family (NASDAQ:AFAM) traded up 0.78% during trading on Wednesday, hitting $58.00. The stock had a trading volume of 115,949 shares. Almost Family has a 52 week low of $35.21 and a 52 week high of $62.95. The firm has a market cap of $736.25 million, a PE ratio of 36.69 and a beta of 0.47. The company’s 50-day moving average is $59.28 and its 200 day moving average is $50.42.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The company had revenue of $201.31 million for the quarter, compared to the consensus estimate of $204.79 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. Equities analysts expect that Almost Family will post $2.49 EPS for the current fiscal year.
In other news, Director Steven B. Bing sold 875 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $49.35, for a total transaction of $43,181.25. Following the sale, the director now directly owns 13,599 shares in the company, valued at $671,110.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider C Steven Guenthner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $55.90, for a total value of $1,118,000.00. Following the sale, the insider now owns 166,951 shares in the company, valued at $9,332,560.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,942 shares of company stock worth $4,350,980. Company insiders own 13.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Almost Family by 33.5% in the first quarter. FMR LLC now owns 2,077,849 shares of the company’s stock worth $100,984,000 after buying an additional 521,870 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Almost Family by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 919,584 shares of the company’s stock worth $44,692,000 after buying an additional 46,958 shares in the last quarter. Vanguard Group Inc. boosted its stake in Almost Family by 33.0% in the first quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock worth $30,973,000 after buying an additional 157,955 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Almost Family by 1,571.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,664 shares of the company’s stock worth $28,026,000 after buying an additional 542,172 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Almost Family by 403.9% in the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock worth $27,952,000 after buying an additional 461,002 shares in the last quarter. Institutional investors and hedge funds own 82.66% of the company’s stock.
About Almost Family
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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