Cortina Asset Management LLC reduced its position in Almost Family Inc (NASDAQ:AFAM) by 12.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 308,093 shares of the company’s stock after selling 45,298 shares during the quarter. Cortina Asset Management LLC’s holdings in Almost Family were worth $17,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AFAM. Chicago Capital Management LLC lifted its position in Almost Family by 80.3% in the first quarter. Chicago Capital Management LLC now owns 368,908 shares of the company’s stock worth $20,779,000 after purchasing an additional 164,306 shares during the period. Wolverine Asset Management LLC bought a new position in Almost Family in the fourth quarter worth $5,013,000. Prosight Management LP bought a new position in Almost Family in the fourth quarter worth $5,012,000. Capital Fund Management S.A. bought a new position in Almost Family in the fourth quarter worth $4,829,000. Finally, ARP Americas LP bought a new position in Almost Family in the fourth quarter worth $3,192,000. 84.64% of the stock is owned by hedge funds and other institutional investors.

Almost Family stock opened at $56.00 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.97. Almost Family Inc has a 52-week low of $40.15 and a 52-week high of $66.15. The firm has a market cap of $783.59 million, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.15 and a beta of 0.58.

Almost Family (NASDAQ:AFAM) last released its quarterly earnings data on Monday, February 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Almost Family had a return on equity of 5.88% and a net margin of 2.56%. The firm had revenue of $200.62 million during the quarter, compared to analyst estimates of $203.44 million. During the same period in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. equities analysts anticipate that Almost Family Inc will post 2.87 EPS for the current fiscal year.

Several brokerages recently commented on AFAM. Royal Bank of Canada reaffirmed a “hold” rating and issued a $59.00 target price on shares of Almost Family in a research report on Tuesday, February 27th. Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. BidaskClub upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Almost Family from $59.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Almost Family presently has a consensus rating of “Hold” and a consensus target price of $62.50.

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

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