Addus HomeCare Co. (NASDAQ:ADUS) Receives Average Recommendation of “Buy” from Analysts

Shares of Addus HomeCare Co. (NASDAQ:ADUS) have been assigned an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $134.22.

Several analysts have recently commented on ADUS shares. Stephens raised their target price on Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Citizens Jmp raised shares of Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. Macquarie reissued an “outperform” rating and set a $139.00 price objective on shares of Addus HomeCare in a report on Monday, November 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $136.00 target price on shares of Addus HomeCare in a report on Thursday, November 14th. Finally, StockNews.com raised Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Addus HomeCare Stock Down 0.4 %

Shares of NASDAQ ADUS opened at $113.22 on Thursday. Addus HomeCare has a 12 month low of $85.94 and a 12 month high of $136.72. The business has a fifty day simple moving average of $125.55 and a 200-day simple moving average of $126.91. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.46 and a beta of 1.00.

Insider Activity

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 transaction of $272,250.00. Following the sale, the executive vice president now owns 10,217 shares in the company, valued at approximately $1,236,257. This represents a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Dirk Allison sold 12,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $123.16, for a total transaction of $1,539,500.00. Following the sale, the chief executive officer now directly owns 141,897 shares in the company, 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 worth $4,930,750. 4.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Addus HomeCare

A number of hedge funds and other institutional investors have recently modified their holdings of ADUS. Wasatch Advisors LP lifted its holdings in Addus HomeCare by 11.8% in the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock valued at $138,782,000 after buying an additional 110,010 shares during the period. Dimensional Fund Advisors LP boosted its stake in Addus HomeCare by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 692,713 shares of the company’s stock worth $86,833,000 after purchasing an additional 10,434 shares during the period. State Street Corp grew its holdings in shares of Addus HomeCare by 4.4% during the third quarter. State Street Corp now owns 663,610 shares of the company’s stock worth $88,280,000 after buying an additional 27,990 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Addus HomeCare by 17.5% during the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock worth $67,293,000 after acquiring an additional 75,409 shares in the last quarter. Finally, WCM Investment Management LLC grew its position 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.

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.