Addus HomeCare (NASDAQ:ADUS) Upgraded to “Buy” at StockNews.com

Addus HomeCare (NASDAQ:ADUS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also weighed in on the company. Oppenheimer raised their price objective on Addus HomeCare from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Stephens raised their price target on Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $136.00 price objective on shares of Addus HomeCare in a research note on Thursday, November 14th. KeyCorp started coverage on Addus HomeCare in a research report on Friday, October 11th. They set an “overweight” rating and a $150.00 target price for the company. Finally, Macquarie restated an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Addus HomeCare has an average rating of “Moderate Buy” and an average price target of $131.63.

Addus HomeCare Trading Up 0.9 %

Addus HomeCare stock opened at $122.00 on Wednesday. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.11 and a beta of 1.01. Addus HomeCare has a 12-month low of $85.94 and a 12-month high of $136.12. The firm has a 50 day moving average of $125.67 and a 200 day moving average of $124.28.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Addus HomeCare will post 4.59 EPS for the current year.

Insider Activity at Addus HomeCare

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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R Dirk Allison sold 12,500 shares of Addus HomeCare stock in a transaction dated 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 $17,476,034.52. The trade was a 8.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Addus HomeCare

Large investors have recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its holdings in shares of 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 acquiring an additional 82 shares during the period. Arizona State Retirement System grew its stake in Addus HomeCare by 2.0% in the second quarter. Arizona State Retirement System now owns 4,543 shares of the company’s stock valued at $527,000 after purchasing an additional 87 shares during the last quarter. UMB Bank n.a. raised its holdings in Addus HomeCare by 64.2% in the second quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after purchasing an additional 88 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Addus HomeCare by 3.3% during the third quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock valued at $414,000 after buying an additional 100 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of 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 valued at $1,132,000 after buying an additional 100 shares in the last quarter. 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.