Almost Family Inc (AFAM) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Almost Family Inc (NASDAQ:AFAM) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $60.50.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $63.00 price objective on shares of Almost Family in a research note on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and set a $58.00 price objective on shares of Almost Family in a research note on Friday, March 31st. BidaskClub lowered Almost Family from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $57.00 target price (up from $52.00) on shares of Almost Family in a report on Wednesday, May 17th.
Shares of Almost Family (NASDAQ AFAM) traded down 0.52% during trading on Monday, reaching $56.85. 52,904 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $60.09 and a 200-day moving average price of $52.24. Almost Family has a 52 week low of $35.21 and a 52 week high of $62.95. The stock has a market capitalization of $721.65 million, a price-to-earnings ratio of 35.96 and a beta of 0.47.
Almost Family (NASDAQ:AFAM) last posted its earnings results on Tuesday, May 9th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $201.31 million for the quarter, compared to analysts’ expectations of $204.79 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Analysts predict that Almost Family will post $2.39 earnings per share for the current year.
In related news, SVP John Shermyen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $61.61, for a total value of $184,830.00. Following the completion of the sale, the senior vice president now directly owns 81,864 shares in the company, valued at approximately $5,043,641.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William B. Yarmuth sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $56.82, for a total value of $1,704,600.00. Following the completion of the sale, the chief executive officer now owns 430,794 shares of the company’s stock, valued at $24,477,715.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,942 shares of company stock valued at $4,350,980. Corporate insiders own 13.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of AFAM. Municipal Employees Retirement System of Michigan increased its position in shares of Almost Family by 32.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock valued at $127,000 after buying an additional 640 shares in the last quarter. US Bancorp DE boosted its stake in shares of Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock worth $131,000 after buying an additional 860 shares during the period. Dubuque Bank & Trust Co. bought a new stake in shares of Almost Family during the first quarter worth $135,000. Mason Street Advisors LLC boosted its stake in shares of Almost Family by 43.0% in the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock worth $135,000 after buying an additional 839 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Almost Family by 9.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the company’s stock worth $142,000 after buying an additional 251 shares during the period. 82.75% of the stock is currently owned by institutional investors.
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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