Addus HomeCare (NASDAQ:ADUS) Cut to Hold at StockNews.com

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

Several other equities analysts have also issued reports on ADUS. Royal Bank of Canada reaffirmed an “outperform” rating and set a $136.00 price target on shares of Addus HomeCare in a research note on Thursday, November 14th. JMP Securities assumed coverage on Addus HomeCare in a report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Oppenheimer lifted their price objective 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. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Finally, Macquarie reaffirmed an “outperform” rating and set a $139.00 target price on shares of Addus HomeCare in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.67.

Addus HomeCare Stock Performance

Addus HomeCare stock opened at $133.87 on Thursday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a 50 day moving average price of $125.28 and a 200 day moving average price of $126.53. Addus HomeCare has a 52 week low of $85.94 and a 52 week high of $136.12.

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

Insiders Place Their Bets

In other news, EVP Roberton James Stevenson sold 2,250 shares of the stock in a transaction 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 directly owns 10,217 shares in the company, valued at approximately $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Dirk Allison sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $123.16, for a total value of $1,539,500.00. Following the completion of the sale, the chief executive officer now owns 141,897 shares of the company’s stock, valued at approximately $17,476,034.52. This represents a 8.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,750 shares of company stock valued at $4,930,750. 4.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Addus HomeCare

Several hedge funds and other institutional investors have recently bought and sold shares of ADUS. Texas Permanent School Fund Corp grew its holdings in Addus HomeCare by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock valued at $1,636,000 after buying an additional 82 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Addus HomeCare by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company’s stock valued at $1,340,000 after acquiring an additional 91 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Addus HomeCare by 3.3% in the 3rd quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock worth $414,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Addus HomeCare by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock worth $1,132,000 after buying an additional 100 shares in the last quarter. Finally, Equitable Trust Co. raised its position in Addus HomeCare by 2.2% in the third quarter. Equitable Trust Co. now owns 4,825 shares of the company’s stock worth $642,000 after acquiring an additional 106 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Company Profile

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.