Almost Family Inc (AFAM) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of Almost Family Inc (NASDAQ:AFAM) from a hold rating to a sell rating in a research report report published on Tuesday, August 1st.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Almost Family from a sell rating to a hold rating in a research report on Monday, May 15th. Robert W. Baird downgraded shares of Almost Family from an outperform rating to a neutral rating and increased their price target for the stock from $55.00 to $64.00 in a research report on Monday, July 10th. Royal Bank Of Canada reiterated a buy rating and issued a $63.00 price target on shares of Almost Family in a research report on Tuesday, June 13th. Finally, Bank of America Corporation reiterated a neutral rating and issued a $57.00 price target (up from $52.00) on shares of Almost Family in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $57.60.

Almost Family (NASDAQ AFAM) traded up 0.93% during trading on Tuesday, reaching $48.95. The company’s stock had a trading volume of 245,764 shares. Almost Family has a one year low of $35.21 and a one year high of $62.95. The company has a 50-day moving average of $53.33 and a 200 day moving average of $52.38. The firm has a market cap of $671.45 million, a PE ratio of 33.32 and a beta of 0.43.

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

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In related news, insider C Steven Guenthner sold 20,000 shares of Almost Family stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $55.90, for a total transaction of $1,118,000.00. Following the completion of the sale, the insider now owns 166,951 shares in the company, valued at approximately $9,332,560.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeff Reibel sold 2,700 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $56.40, for a total transaction of $152,280.00. Following the completion of the sale, the vice president now owns 7,664 shares of the company’s stock, valued at approximately $432,249.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,067 shares of company stock worth $2,036,699 over the last 90 days. Insiders own 13.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AFAM. Municipal Employees Retirement System of Michigan increased its stake in Almost Family by 32.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock valued at $127,000 after buying an additional 640 shares in the last quarter. US Bancorp DE increased its stake in shares of Almost Family by 68.4% in the second 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 period. Dubuque Bank & Trust Co. purchased a new stake in shares of Almost Family during the first quarter worth about $135,000. Mason Street Advisors LLC increased its stake in shares of Almost Family by 43.0% in the first 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 period. Finally, BNP Paribas Arbitrage SA boosted its position in Almost Family by 9.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the company’s stock worth $142,000 after buying an additional 251 shares in the last quarter. 83.94% of the stock is currently owned by institutional investors.

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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