Almost Family Inc (AFAM) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Almost Family Inc (NASDAQ:AFAM) in a research report report published on Thursday morning. They currently have a $56.00 price objective on the stock, up from their previous price objective of $55.00.

A number of other equities research analysts have also issued reports on AFAM. Zacks Investment Research lowered Almost Family from a hold rating to a strong sell rating in a research note on Thursday, February 16th. Bank of America Corp assumed coverage on Almost Family in a research note on Tuesday, January 24th. They set a neutral rating and a $49.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $52.80.

Almost Family (NASDAQ:AFAM) opened at 48.20 on Thursday. The firm has a market cap of $489.76 million, a price-to-earnings ratio of 28.19 and a beta of 0.72. The company’s 50 day moving average is $48.32 and its 200 day moving average is $42.64. Almost Family has a 12-month low of $34.58 and a 12-month high of $50.97.

Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Tuesday, March 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Almost Family had a return on equity of 8.86% and a net margin of 2.74%. The firm earned $153.40 million during the quarter, compared to analyst estimates of $157.31 million. During the same period last year, the company earned $0.62 EPS. Almost Family’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Almost Family will post $2.50 earnings per share for the current year.

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In other news, insider P Todd Lyles sold 11,300 shares of Almost Family stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $44.20, for a total value of $499,460.00. Following the transaction, the insider now directly owns 88,885 shares in the company, valued at approximately $3,928,717. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven B. Bing sold 3,400 shares of Almost Family stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $44.42, for a total value of $151,028.00. Following the completion of the transaction, the director now owns 14,474 shares in the company, valued at $642,935.08. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AFAM. Acrospire Investment Management LLC increased its position in shares of Almost Family by 115.1% in the third quarter. Acrospire Investment Management LLC now owns 3,738 shares of the company’s stock worth $137,000 after buying an additional 2,000 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Almost Family during the fourth quarter worth about $211,000. Wells Fargo & Company MN increased its position in shares of Almost Family by 10.3% in the third quarter. Wells Fargo & Company MN now owns 5,679 shares of the company’s stock worth $208,000 after buying an additional 528 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Almost Family during the third quarter worth about $209,000. Finally, Aperio Group LLC increased its position in shares of Almost Family by 7.1% in the third quarter. Aperio Group LLC now owns 6,344 shares of the company’s stock worth $233,000 after buying an additional 418 shares in the last quarter. Institutional investors and hedge funds own 56.02% of the company’s stock.

Almost Family Company Profile

Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).

5 Day Chart for NASDAQ:AFAM

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