5 Stocks to Invest In Under $20 According to Michael Castor’s Sio Capital

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

Sio Capital’s Stake Value: $7 million

Percentage of Sio Capital’s 13F Portfolio: 2.13%

Number of Hedge Fund Holders: 10

Stock Price as of May 10, 2022: $2.78

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) is a home care platform provider that operates in the United States. The firm has three segments, which cover private home care, health services such as therapies, and medical solutions such as nutritional services.

For its fiscal Q4, Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) reported $414 million in revenue and -$0.68 in GAAP EPS, in a poor set of results that saw it miss Wall Street analyst estimates for both. Subsequently, RBC Capital lowered the company’s price target to $9 from $16 in March 2022, outlining that the labor crisis and pandemic drove the decision.

Sio Capital held a $7 million stake in Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)  by the end of Q4 2021. This came in the form of 958,249 shares. During the same time period, 10 of the 924 hedge funds part of Insider Monkey’s research had owned the company’s shares.

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s largest investor is Jared Nussbaum’s Nut Tree Capital which owns 5.4 million shares that are worth $40 million.