Addus HomeCare (NASDAQ:ADUS) Upgraded at StockNews.com

StockNews.com upgraded shares of Addus HomeCare (NASDAQ:ADUS) from a hold rating to a buy rating in a research report released on Friday.

Several other brokerages also recently issued reports on ADUS. KeyCorp started coverage on shares of Addus HomeCare in a research report on Friday, October 11th. They set an “overweight” rating and a $150.00 price objective for the company. Stephens upped their price objective on Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Macquarie reissued an “outperform” rating and issued a $139.00 target price on shares of Addus HomeCare in a research report on Monday, November 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $136.00 price target on shares of Addus HomeCare in a research report on Thursday, November 14th. Finally, JMP Securities began coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective on the stock. One investment 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 stock. According to MarketBeat, Addus HomeCare currently has an average rating of “Buy” and an average target price of $134.22.

Addus HomeCare Stock Performance

ADUS opened at $130.62 on Friday. Addus HomeCare has a twelve month low of $85.94 and a twelve month high of $136.72. The firm has a market cap of $2.37 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The firm’s fifty day moving average is $126.10 and its two-hundred day moving average is $127.09.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The firm had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.42 million. During the same period in the previous year, the firm earned $1.03 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Addus HomeCare will post 4.58 EPS for the current fiscal year.

Insider Activity

In other Addus HomeCare news, CEO R Dirk Allison sold 25,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now directly owns 79,397 shares of the company’s stock, valued at $9,905,569.72. This represents a 23.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roberton James Stevenson sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.00, for a total value of $272,250.00. Following the sale, the executive vice president now owns 10,217 shares of the company’s stock, valued at approximately $1,236,257. This represents a 18.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,750 shares of company stock valued at $4,930,750 over the last three months. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Addus HomeCare

A number of hedge funds and other institutional investors have recently modified their holdings of ADUS. Wasatch Advisors LP grew its position in Addus HomeCare by 11.8% during the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock worth $138,782,000 after buying an additional 110,010 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Addus HomeCare by 73.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 745,824 shares of the company’s stock valued at $86,598,000 after acquiring an additional 315,602 shares during the period. State Street Corp grew its holdings in shares of Addus HomeCare by 4.4% during the 3rd quarter. State Street Corp now owns 663,610 shares of the company’s stock worth $88,280,000 after purchasing an additional 27,990 shares in the last quarter. Principal Financial Group Inc. increased its position 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 worth $67,293,000 after purchasing an additional 75,409 shares during the period. Finally, WCM Investment Management LLC raised its stake in Addus HomeCare by 2.9% in the third quarter. WCM Investment Management LLC now owns 498,279 shares of the company’s stock valued at $65,250,000 after purchasing an additional 13,938 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

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.