Almost Family Inc (NASDAQ:AFAM) SVP John Shermyen sold 3,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 81,864 shares in the company, valued at $5,043,641.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Almost Family Inc (AFAM) traded down 3.59% on Monday, hitting $59.10. 34,282 shares of the company’s stock were exchanged. The firm has a market cap of $750.22 million, a P/E ratio of 37.38 and a beta of 0.47. Almost Family Inc has a 12 month low of $35.21 and a 12 month high of $62.95. The stock’s 50 day moving average is $59.28 and its 200 day moving average is $50.42.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Almost Family had a net margin of 2.59% and a return on equity of 7.67%. The company had revenue of $201.31 million for the quarter, compared to analyst estimates of $204.79 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. On average, equities analysts predict that Almost Family Inc will post $2.49 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of AFAM. Comerica Bank raised its stake in Almost Family by 5.4% in the fourth quarter. Comerica Bank now owns 9,461 shares of the company’s stock valued at $447,000 after buying an additional 487 shares during the period. State Street Corp raised its stake in Almost Family by 16.9% in the fourth quarter. State Street Corp now owns 224,290 shares of the company’s stock valued at $9,892,000 after buying an additional 32,357 shares during the period. Dimensional Fund Advisors LP raised its stake in Almost Family by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 872,626 shares of the company’s stock valued at $38,483,000 after buying an additional 23,255 shares during the period. Allianz Asset Management AG acquired a new stake in Almost Family during the fourth quarter valued at about $618,000. Finally, Renaissance Technologies LLC raised its stake in Almost Family by 135.4% in the fourth quarter. Renaissance Technologies LLC now owns 101,000 shares of the company’s stock valued at $4,454,000 after buying an additional 58,100 shares during the period. 82.66% of the stock is currently owned by institutional investors.
Several research firms have weighed in on AFAM. Robert W. Baird cut shares of Almost Family from an “outperform” rating to a “neutral” rating and increased their price target for the company from $55.00 to $64.00 in a report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $63.00 price target on shares of Almost Family in a report on Tuesday, June 13th. Bank of America Corporation reissued a “neutral” rating and issued a $57.00 price target (up from $52.00) on shares of Almost Family in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $58.00 price target on shares of Almost Family in a report on Friday, March 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Almost Family currently has a consensus rating of “Hold” and an average price target of $57.60.
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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