Pinebridge Investments L.P. lifted its holdings in Almost Family Inc (NASDAQ:AFAM) by 991.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,154 shares of the company’s stock after acquiring an additional 15,583 shares during the period. Pinebridge Investments L.P. owned approximately 0.12% of Almost Family worth $921,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Almost Family by 4.7% in the second quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock worth $93,979,000 after acquiring an additional 68,221 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Almost Family by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock valued at $56,674,000 after purchasing an additional 66,316 shares in the last quarter. Vanguard Group Inc. grew its holdings in Almost Family by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock valued at $41,277,000 after purchasing an additional 32,227 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Almost Family by 15.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock valued at $40,997,000 after purchasing an additional 89,827 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Almost Family by 1.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 586,370 shares of the company’s stock valued at $36,150,000 after purchasing an additional 9,706 shares in the last quarter. 84.87% of the stock is owned by institutional investors.
In other Almost Family news, SVP John Shermyen sold 2,000 shares of the stock in a transaction on 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 in the company, valued at approximately $4,152,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Goldberg sold 10,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total transaction of $600,800.00. Following the transaction, the director now owns 44,803 shares in the company, valued at $2,691,764.24. The disclosure for this sale can be found here. Corporate insiders own 13.10% of the company’s stock.
Almost Family Inc (AFAM) opened at $56.80 on Friday. Almost Family Inc has a 52 week low of $39.35 and a 52 week high of $66.15. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. The company has a market cap of $793.21, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The firm had revenue of $194.30 million for the quarter, compared to the consensus estimate of $199.93 million. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. equities research analysts predict that Almost Family Inc will post 2.11 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on AFAM shares. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating and set a $58.00 price target on shares of Almost Family in a report on Friday, November 3rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $55.00 price target on shares of Almost Family in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Almost Family presently has an average rating of “Hold” and a consensus price target of $62.33.
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Almost Family 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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