Addus HomeCare Co. (NASDAQ:ADUS) CEO R Dirk Allison Sells 25,000 Shares

Addus HomeCare Co. (NASDAQ:ADUS) CEO R Dirk Allison sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

R Dirk Allison also recently made the following trade(s):

• On Monday, November 25th, R Dirk Allison sold 12,500 shares of Addus HomeCare stock. The stock was sold at an average price of $123.16, for a total transaction of $1,539,500.00.

Addus HomeCare Stock Up 0.3 %

ADUS opened at $124.59 on Monday. Addus HomeCare Co. has a twelve month low of $85.94 and a twelve month high of $136.12. The company has a fifty day moving average of $125.12 and a 200-day moving average of $125.83. The stock has a market cap of $2.26 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. The business had revenue of $289.80 million for the quarter, compared to analyst estimates of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. Addus HomeCare’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Sell-side analysts anticipate that Addus HomeCare Co. will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADUS. Macquarie reaffirmed an “outperform” rating and set a $139.00 target price on shares of Addus HomeCare in a report on Monday, November 4th. Citizens Jmp raised shares of Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Stephens boosted their price objective on shares of Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. JMP Securities assumed coverage on shares of Addus HomeCare in a report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, KeyCorp assumed coverage on shares of Addus HomeCare in a report on Friday, October 11th. They issued an “overweight” rating and a $150.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $133.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Addus HomeCare by 34.5% in the fourth quarter. GAMMA Investing LLC now owns 1,258 shares of the company’s stock valued at $158,000 after buying an additional 323 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Addus HomeCare by 10.2% in the third quarter. JPMorgan Chase & Co. now owns 183,198 shares of the company’s stock valued at $24,371,000 after buying an additional 16,997 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Addus HomeCare by 17.5% in the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock valued at $67,293,000 after buying an additional 75,409 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Addus HomeCare by 2.7% in the third quarter. Franklin Resources Inc. now owns 26,216 shares of the company’s stock valued at $3,456,000 after purchasing an additional 701 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Addus HomeCare in the third quarter valued at about $299,000. 95.35% of the stock is owned by institutional investors.

About Addus HomeCare

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. The company operates through three segments: Personal Care, Hospice, and Home Health.