Almost Family (AFAM) Downgraded by BidaskClub

Almost Family (NASDAQ:AFAM) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

Several other brokerages also recently weighed in on AFAM. Zacks Investment Research downgraded shares of Almost Family from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 9th. Robert W. Baird set a $55.00 target price on shares of Almost Family and gave the stock a “hold” rating in a report on Saturday, October 21st. SunTrust Banks set a $73.00 target price on shares of Almost Family and gave the stock a “hold” rating in a report on Friday, November 17th. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.33.

Almost Family (NASDAQ:AFAM) traded up $0.50 during trading hours on Friday, hitting $59.40. The stock had a trading volume of 213,068 shares, compared to its average volume of 168,834. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $822.71, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 2.30 and a beta of 0.52. Almost Family has a 52-week low of $40.15 and a 52-week high of $66.15.

Almost Family (NASDAQ:AFAM) last posted 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. The firm had revenue of $194.30 million during the quarter, compared to analyst estimates of $199.93 million. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. Almost Family’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. research analysts anticipate that Almost Family will post 2.12 earnings per share for the current year.

In related news, Director Jonathan Goldberg sold 10,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total value of $600,800.00. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foundry Partners LLC boosted its holdings in shares of Almost Family by 9.2% during the 4th quarter. Foundry Partners LLC now owns 164,645 shares of the company’s stock valued at $9,113,000 after purchasing an additional 13,859 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Almost Family by 179.1% during the 4th quarter. SG Americas Securities LLC now owns 7,681 shares of the company’s stock valued at $425,000 after purchasing an additional 4,929 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Almost Family by 9.9% during the 4th quarter. Fisher Asset Management LLC now owns 76,154 shares of the company’s stock valued at $4,215,000 after purchasing an additional 6,841 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Almost Family by 162.1% during the 4th quarter. Rice Hall James & Associates LLC now owns 40,304 shares of the company’s stock valued at $2,231,000 after purchasing an additional 24,929 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Almost Family by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 55,222 shares of the company’s stock valued at $3,057,000 after purchasing an additional 4,563 shares during the last quarter. 85.00% of the stock is 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.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

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