Almost Family Inc (NASDAQ:AFAM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Almost Family from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. 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 reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Almost Family in a research report on Tuesday, June 13th. J P Morgan Chase & Co started coverage on shares of Almost Family in a research report on Monday. They issued a “neutral” rating and a $54.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Almost Family in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Almost Family has a consensus rating of “Hold” and an average price target of $57.40.

Shares of Almost Family (AFAM) traded down 2.51% on Tuesday, reaching $46.55. 184,635 shares of the company were exchanged. The company has a market capitalization of $638.53 million, a price-to-earnings ratio of 31.69 and a beta of 0.47. Almost Family has a 52 week low of $36.25 and a 52 week high of $62.95. The company’s 50-day moving average is $48.96 and its 200-day moving average is $52.61.

Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts expect that Almost Family will post $2.36 EPS for the current fiscal year.

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In other Almost Family news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the completion of the transaction, the senior vice president now directly owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan raised its position in Almost Family by 32.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock worth $127,000 after buying an additional 640 shares during the last quarter. US Bancorp DE raised its position in Almost Family by 68.4% during the 2nd 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 last quarter. Mason Street Advisors LLC raised its position in Almost Family by 43.0% during the 1st 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 last quarter. BNP Paribas Arbitrage SA raised its position in Almost Family by 9.4% during the 1st 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 last quarter. Finally, State of Alaska Department of Revenue raised its position in Almost Family by 78.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock worth $145,000 after buying an additional 1,034 shares during the last quarter. 85.48% of the stock is 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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