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

Addus HomeCare Co. (NASDAQ:ADUS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $136.68 and last traded at $135.82, with a volume of 5486 shares traded. The stock had previously closed at $133.87.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADUS. JMP Securities initiated coverage on Addus HomeCare in a research report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. Macquarie restated an “outperform” rating and issued a $139.00 target price on shares of Addus HomeCare in a research note on Monday, November 4th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. KeyCorp started coverage on shares of Addus HomeCare in a report on Friday, October 11th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, StockNews.com downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.67.

Addus HomeCare Trading Down 2.4 %

The company has a market cap of $2.41 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00. The firm’s 50 day moving average price is $125.78 and its 200-day moving average price is $126.88.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, November 4th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $289.80 million during 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%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Analysts predict that Addus HomeCare Co. will post 4.58 earnings per share for the current fiscal year.

Insider Activity at Addus HomeCare

In related news, EVP Roberton James Stevenson sold 2,250 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.00, for a total transaction 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 trade represents a 18.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 79,397 shares in the company, valued at approximately $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,750 shares of company stock worth $4,930,750. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Addus HomeCare

Hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Addus HomeCare by 90.6% in the 2nd quarter. American Century Companies Inc. now owns 18,393 shares of the company’s stock valued at $2,136,000 after purchasing an additional 8,743 shares during the period. Dimensional Fund Advisors LP lifted its stake in Addus HomeCare by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 714,253 shares of the company’s stock valued at $82,930,000 after buying an additional 5,421 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Addus HomeCare by 8.4% in the second quarter. Amalgamated Bank now owns 5,330 shares of the company’s stock valued at $619,000 after buying an additional 412 shares during the period. Intech Investment Management LLC bought a new stake in shares of Addus HomeCare during the second quarter worth $245,000. Finally, Sei Investments Co. increased its position in shares of Addus HomeCare by 22.2% during the second quarter. Sei Investments Co. now owns 13,770 shares of the company’s stock worth $1,599,000 after acquiring an additional 2,499 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.