Almost Family (AFAM) Stock Rating Lowered by ValuEngine

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

A number of other research analysts have also weighed in on AFAM. Robert W. Baird reissued a “hold” rating and set a $55.00 target price on shares of Almost Family in a research report on Tuesday, September 19th. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. J P Morgan Chase & Co started coverage on shares of Almost Family in a research report on Monday, October 9th. They set a “neutral” rating and a $54.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Almost Family in a research report on Wednesday, October 11th. Finally, SunTrust Banks set a $52.00 target price on shares of Almost Family and gave the stock a “hold” rating in a research report on Monday, October 16th. 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 company. Almost Family presently has a consensus rating of “Hold” and a consensus price target of $62.33.

Almost Family (NASDAQ AFAM) traded down $0.15 during trading on Friday, reaching $59.25. 255,570 shares of the company’s stock were exchanged, compared to its average volume of 202,598. The firm has a market cap of $827.60, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40. Almost Family has a 52-week low of $39.34 and a 52-week high of $66.15.

Almost Family (NASDAQ:AFAM) last released its earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ 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 net margin of 2.02% and a return on equity of 6.12%. The business’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. analysts forecast that Almost Family will post 2.11 earnings per share for the current year.

In other news, Director Jonathan Goldberg sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $60.08, for a total transaction of $600,800.00. Following the completion of the transaction, the director now owns 44,803 shares of the company’s stock, valued at $2,691,764.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Shermyen sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the transaction, the senior vice president now directly owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AFAM. Sei Investments Co. raised its position in shares of Almost Family by 1,261.0% during the third quarter. Sei Investments Co. now owns 1,361 shares of the company’s stock valued at $110,000 after buying an additional 1,261 shares during the last quarter. US Bancorp DE raised its position in shares of Almost Family by 68.4% during the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock valued at $131,000 after buying an additional 860 shares during the last quarter. State of Alaska Department of Revenue raised its position in Almost Family by 78.3% in the second quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock worth $145,000 after purchasing an additional 1,034 shares in the last quarter. SG Americas Securities LLC acquired a new position in Almost Family in the third quarter worth about $148,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Almost Family by 7.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,810 shares of the company’s stock worth $173,000 after purchasing an additional 190 shares in the last quarter. 84.87% of the stock is owned by institutional investors and hedge funds.

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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.

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