Municipal Employees Retirement System of Michigan raised its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 432.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,980 shares of the company’s stock after purchasing an additional 50,330 shares during the period. Municipal Employees Retirement System of Michigan owned 0.44% of Almost Family worth $3,431,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Almost Family during the fourth quarter valued at $260,000. Two Sigma Investments LP acquired a new stake in shares of Almost Family in the fourth quarter valued at about $667,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Almost Family in the fourth quarter valued at about $226,000. Deutsche Bank AG raised its position in shares of Almost Family by 149.0% in the fourth quarter. Deutsche Bank AG now owns 29,507 shares of the company’s stock valued at $1,631,000 after buying an additional 17,659 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Almost Family in the fourth quarter valued at about $5,013,000. 84.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Almost Family Inc (AFAM) opened at $57.95 on Friday. Almost Family Inc has a 12-month low of $40.15 and a 12-month high of $66.15. The firm has a market cap of $813.68, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.12 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.97 and a current ratio of 1.97.
Several equities research analysts recently issued reports on AFAM shares. SunTrust Banks set a $73.00 price objective on shares of Almost Family and gave the stock a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Royal Bank of Canada restated a “hold” rating and set a $59.00 price objective on shares of Almost Family in a research report on Tuesday, February 27th. BidaskClub upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, ValuEngine cut shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Almost Family currently has an average rating of “Hold” and an average price target of $61.71.
TRADEMARK VIOLATION WARNING: “Almost Family Inc (AFAM) Holdings Boosted by Municipal Employees Retirement System of Michigan” was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://weekherald.com/2018/03/16/almost-family-inc-afam-holdings-boosted-by-municipal-employees-retirement-system-of-michigan.html.
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.
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.