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.
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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