Almost Family Inc (AFAM) Short Interest Down 24.8% in August
Almost Family Inc (NASDAQ:AFAM) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 486,264 shares, a decrease of 24.8% from the August 15th total of 646,697 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 130,849 shares, the days-to-cover ratio is currently 3.7 days.
Almost Family (NASDAQ:AFAM) opened at 48.25 on Friday. The firm has a 50-day moving average price of $48.21 and a 200-day moving average price of $52.41. Almost Family has a 12-month low of $35.35 and a 12-month high of $62.95. The stock has a market cap of $661.85 million, a PE ratio of 32.85 and a beta of 0.44.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. Almost Family had a return on equity of 4.23% and a net margin of 2.74%. The business had revenue of $200.70 million for the quarter, compared to the consensus estimate of $205.48 million. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. Analysts forecast that Almost Family will post $2.36 EPS for the current fiscal year.
A number of analysts recently issued reports on AFAM shares. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 target price on shares of Almost Family in a research report on Tuesday, June 13th. BidaskClub downgraded shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird downgraded shares of Almost Family from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $55.00 to $64.00 in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Almost Family from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Almost Family currently has a consensus rating of “Hold” and a consensus target price of $57.60.
In related news, SVP John Shermyen sold 3,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $61.61, for a total transaction of $184,830.00. Following the completion of the sale, the senior vice president now owns 81,864 shares of the company’s stock, 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. 13.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. USA Financial Portformulas Corp bought a new position in shares of Almost Family in the 2nd quarter valued at approximately $615,000. WINTON GROUP Ltd bought a new position in shares of Almost Family in the 2nd quarter valued at approximately $878,000. California State Teachers Retirement System raised its stake in shares of Almost Family by 3.7% in the 2nd quarter. California State Teachers Retirement System now owns 22,601 shares of the company’s stock valued at $1,393,000 after acquiring an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Almost Family by 37.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,799 shares of the company’s stock valued at $603,000 after acquiring an additional 2,672 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Almost Family by 7.1% in the 2nd quarter. State Street Corp now owns 344,527 shares of the company’s stock valued at $21,234,000 after acquiring an additional 22,845 shares in the last quarter. 85.48% of the stock is currently owned by institutional investors and hedge funds.
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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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