5 Best Healthcare Stocks Under $20 According to Michael Castor’s Sio Capital

2. Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)

Castor’s Stake Value: $14.86 million

Percentage of Michael Castor’s 13F Portfolio: 3.69%

Number of Hedge Fund Holders: 18

Stock Price as of September 23: $8.15

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) is a Georgia-based holding company that provides various pediatric and healthcare services, including rehabilitation and therapy. Ranked second on our list of the 10 best healthcare stocks under $20 according to Michael Castor’s Sio Capital, Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) has a market capitalization of $1.50 billion.

Michael Castor’s Sio Capital currently holds over 1.2 million shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH), amounting to approximately $14.86 million in worth and accounting for 3.69% of the fund’s total portfolio value. By the end of the second quarter of 2021, 18 hedge funds out of the 873 tracked by Insider Monkey held stakes in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) worth roughly $168.9 million.

The holding company issued its quarterly earnings report for the second quarter of 2021 on August 11, with reported earnings per share at $0.10, in-line with the estimates for the quarter. Additionally, the company reported revenues of $436.11 million, beating market estimates by $2.11 million.

On May 27, Barclays analyst Steve Valiquette lowered the firm’s price target on Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) to $19 from $20 and kept an Overweight rating on the shares, after the company released its Q1 results.

Out of the hedge funds being tracked by Insider Monkey’s database, New York-based investment firm Nut Tree Capital is a leading shareholder in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) with over 3.6 million shares worth more than $44.5 million.