Addus HomeCare (NASDAQ:ADUS) Hits New 12-Month High – What’s Next?

Addus HomeCare Co. (NASDAQ:ADUS)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $161.77 and last traded at $161.77, with a volume of 865 shares traded. The stock had previously closed at $125.34.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ADUS shares. StockNews.com upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price target on shares of Addus HomeCare from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Macquarie reissued an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Monday, November 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $136.00 price target on shares of Addus HomeCare in a research note on Thursday, November 14th. Finally, KeyCorp initiated coverage on shares of Addus HomeCare in a research note on Friday, October 11th. They issued an “overweight” rating and a $150.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $133.67.

Addus HomeCare Price Performance

The stock has a market capitalization of $2.33 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.11 and a beta of 1.00. The firm’s 50 day moving average price is $124.97 and its 200 day moving average price is $126.17.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities research analysts forecast that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Insider Activity

In related news, CEO R Dirk Allison sold 12,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $123.16, for a total transaction of $1,539,500.00. Following the transaction, the chief executive officer now owns 141,897 shares in the company, valued at $17,476,034.52. The trade was a 8.10 % decrease in their ownership of the stock. The sale was disclosed in a 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 dated Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the transaction, the executive vice president now owns 10,217 shares in the company, valued at $1,236,257. This represents a 18.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,750 shares of company stock valued at $4,930,750. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several hedge funds and other institutional investors have recently modified their holdings of ADUS. Arizona State Retirement System increased its position in shares of Addus HomeCare by 2.0% during the second quarter. Arizona State Retirement System now owns 4,543 shares of the company’s stock valued at $527,000 after buying an additional 87 shares during the period. Quest Partners LLC purchased a new stake in Addus HomeCare in the second quarter worth about $31,000. Choreo LLC purchased a new stake in Addus HomeCare in the second quarter worth about $340,000. Texas Permanent School Fund Corp grew its holdings in Addus HomeCare by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock worth $1,636,000 after purchasing an additional 82 shares during the period. Finally, American Century Companies Inc. grew its holdings in Addus HomeCare by 90.6% in the second quarter. American Century Companies Inc. now owns 18,393 shares of the company’s stock worth $2,136,000 after purchasing an additional 8,743 shares during the period. Hedge funds and other institutional investors 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.