Almost Family (AFAM) Rating Increased to Sell at BidaskClub

Almost Family (NASDAQ:AFAM) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada restated a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. Jefferies Group restated a “buy” rating and issued a $58.00 price objective on shares of Almost Family in a report on Friday, November 3rd. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks set a $73.00 price objective on shares of Almost Family and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Robert W. Baird set a $55.00 price objective on shares of Almost Family and gave the stock a “hold” rating in a report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $62.33.

Almost Family (NASDAQ:AFAM) traded up $1.60 during trading hours on Friday, reaching $59.40. 74,553 shares of the company’s stock traded hands, compared to its average volume of 194,027. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $829.70, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.32 and a beta of 0.52. Almost Family has a 12 month low of $40.15 and a 12 month high of $66.15.

Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The firm had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. During the same period in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. sell-side analysts anticipate that Almost Family will post 2.12 EPS for the current year.

In related news, Director Jonathan Goldberg sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total transaction of $600,800.00. Following the sale, the director now directly owns 44,803 shares of the company’s stock, valued at approximately $2,691,764.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in Almost Family by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 55,222 shares of the company’s stock worth $3,057,000 after buying an additional 4,563 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in Almost Family by 31.1% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 64,423 shares of the company’s stock worth $3,566,000 after buying an additional 15,297 shares during the period. Sterling Capital Management LLC increased its stake in Almost Family by 25.9% during the 3rd quarter. Sterling Capital Management LLC now owns 35,488 shares of the company’s stock worth $1,906,000 after buying an additional 7,311 shares during the period. Point72 Asset Management L.P. purchased a new stake in Almost Family during the 3rd quarter worth approximately $7,570,000. Finally, Envestnet Asset Management Inc. increased its stake in Almost Family by 24.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the company’s stock worth $335,000 after buying an additional 1,229 shares during the period. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

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Almost Family Company Profile

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.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

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