Municipal Employees Retirement System of Michigan Has $626,000 Position in Almost Family Inc (AFAM)

Municipal Employees Retirement System of Michigan grew its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 314.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,650 shares of the company’s stock after buying an additional 8,840 shares during the period. Municipal Employees Retirement System of Michigan owned 0.08% of Almost Family worth $626,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AFAM. Vanguard Group Inc. raised its stake in shares of Almost Family by 33.0% in the 1st quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock valued at $30,973,000 after purchasing an additional 157,955 shares in the last quarter. Summit Creek Advisors LLC bought a new stake in shares of Almost Family during the 3rd quarter valued at about $7,810,000. Capital Research Global Investors grew its position in shares of Almost Family by 46.0% during the 2nd quarter. Capital Research Global Investors now owns 457,000 shares of the company’s stock valued at $28,174,000 after buying an additional 144,000 shares during the last quarter. State Street Corp grew its position in shares of Almost Family by 43.4% during the 1st quarter. State Street Corp now owns 321,682 shares of the company’s stock valued at $15,638,000 after buying an additional 97,392 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of 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 buying an additional 89,827 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jonathan Goldberg sold 10,000 shares of the firm’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 directly owns 44,803 shares of the company’s stock, valued at approximately $2,691,764.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Shermyen sold 2,000 shares of Almost Family 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 $4,152,928. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.

Shares of Almost Family Inc (NASDAQ:AFAM) traded up $0.60 on Friday, hitting $57.00. 213,184 shares of the stock traded hands, compared to its average volume of 221,995. Almost Family Inc has a 52 week low of $40.15 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 firm has a market cap of $796.18, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.76 and a beta of 0.52.

Almost Family (NASDAQ:AFAM) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $194.30 million for 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 quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. research analysts anticipate that Almost Family Inc will post 2.11 EPS for the current year.

Several research analysts have commented on the stock. ValuEngine cut shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird set a $65.00 price objective on shares of Almost Family and gave the company a “hold” rating in a report on Tuesday, November 28th. Royal Bank of Canada lowered shares of Almost Family from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $54.00 to $62.00 in a research note on Monday, November 20th. SunTrust Banks set a $73.00 target price on shares of Almost Family and gave the company a “hold” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two investment 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. The stock has an average rating of “Hold” and a consensus price target of $62.33.

COPYRIGHT VIOLATION WARNING: This article was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.truebluetribune.com/2017/12/18/municipal-employees-retirement-system-of-michigan-has-626000-holdings-in-almost-family-inc-afam.html.

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.

Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

Receive News & Ratings for Almost Family Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almost Family and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply