Goldman Sachs Group Inc. increased its position in Almost Family Inc (NASDAQ:AFAM) by 1,571.9% during the first quarter, Holdings Channel reports. The institutional investor owned 576,664 shares of the company’s stock after buying an additional 542,172 shares during the period. Goldman Sachs Group Inc.’s holdings in Almost Family were worth $28,026,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of AFAM. Metropolitan Life Insurance Co. NY boosted its stake in shares of Almost Family by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 7,138 shares of the company’s stock valued at $347,000 after buying an additional 320 shares during the period. State Street Corp raised its stake in Almost Family by 43.4% in the first quarter. State Street Corp now owns 321,682 shares of the company’s stock worth $15,638,000 after buying an additional 97,392 shares during the last quarter. Bank of America Corp DE raised its stake in Almost Family by 135.2% in the first quarter. Bank of America Corp DE now owns 19,049 shares of the company’s stock worth $926,000 after buying an additional 10,950 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Almost Family by 62.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,900 shares of the company’s stock worth $870,000 after buying an additional 6,900 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in Almost Family by 5.0% in the first quarter. New York State Teachers Retirement System now owns 8,363 shares of the company’s stock worth $406,000 after buying an additional 400 shares during the last quarter. Institutional investors own 82.66% of the company’s stock.
Almost Family Inc (NASDAQ:AFAM) opened at 61.30 on Monday. Almost Family Inc has a 12 month low of $35.21 and a 12 month high of $62.95. The firm has a 50-day moving average price of $59.28 and a 200-day moving average price of $50.42. The stock has a market cap of $778.14 million, a price-to-earnings ratio of 38.77 and a beta of 0.47.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $201.31 million for the quarter, compared to analyst estimates of $204.79 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. Almost Family’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts expect that Almost Family Inc will post $2.49 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $56.00 price objective (up from $55.00) on shares of Almost Family in a research note on Thursday, March 16th. Jefferies Group LLC restated a “buy” rating and set a $58.00 price objective on shares of Almost Family in a report on Friday, March 31st. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Bank of America Corporation restated a “neutral” rating and set a $57.00 price target (up previously from $52.00) on shares of Almost Family in a research report on Wednesday, May 17th. Finally, Robert W. Baird lowered 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.60.
In related news, SVP John Shermyen sold 3,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 81,864 shares in the company, valued at approximately $5,043,641.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William B. Yarmuth sold 30,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were 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 in the company, valued at approximately $24,477,715.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,942 shares of company stock worth $4,350,980. 13.10% of the stock is currently owned by company insiders.
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.
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