Addus HomeCare Co. (NASDAQ:ADUS) COO W Bradley Bickham Sells 7,500 Shares of Stock

Addus HomeCare Co. (NASDAQ:ADUSGet Rating) COO W Bradley Bickham sold 7,500 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $105.21, for a total transaction of $789,075.00. Following the completion of the sale, the chief operating officer now owns 39,284 shares of the company’s stock, valued at approximately $4,133,069.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Addus HomeCare Stock Up 0.8 %

Shares of Addus HomeCare stock opened at $108.59 on Thursday. The firm’s 50 day moving average price is $101.66 and its 200-day moving average price is $92.41. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. Addus HomeCare Co. has a 52-week low of $68.57 and a 52-week high of $112.11. The company has a market cap of $1.75 billion, a P/E ratio of 39.49, a PEG ratio of 3.06 and a beta of 0.77.

Addus HomeCare (NASDAQ:ADUSGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.94 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.94. The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $242.21 million. Addus HomeCare had a net margin of 4.77% and a return on equity of 8.46%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, sell-side analysts predict that Addus HomeCare Co. will post 3.13 EPS for the current fiscal year.

Institutional Trading of Addus HomeCare

Several large investors have recently bought and sold shares of the stock. Comerica Bank boosted its holdings in shares of Addus HomeCare by 3.0% in the 1st quarter. Comerica Bank now owns 13,826 shares of the company’s stock valued at $1,272,000 after acquiring an additional 405 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Addus HomeCare in the 1st quarter valued at $203,000. Shell Asset Management Co. lifted its stake in shares of Addus HomeCare by 110.1% in the 1st quarter. Shell Asset Management Co. now owns 2,725 shares of the company’s stock valued at $254,000 after purchasing an additional 1,428 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Addus HomeCare by 1.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,938 shares of the company’s stock valued at $834,000 after purchasing an additional 159 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Addus HomeCare by 1.4% in the 1st quarter. Victory Capital Management Inc. now owns 55,451 shares of the company’s stock valued at $5,026,000 after purchasing an additional 748 shares during the period. Hedge funds and other institutional investors own 95.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ADUS shares. Royal Bank of Canada boosted their price target on shares of Addus HomeCare from $110.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, November 2nd. Oppenheimer reduced their price target on shares of Addus HomeCare from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Finally, StockNews.com lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Friday, October 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $112.60.

Addus HomeCare Company Profile

(Get Rating)

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health.

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