Addus HomeCare (NASDAQ:ADUS) EVP Darby Anderson Sells 6,740 Shares of Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP Darby Anderson sold 6,740 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $122.72, for a total value of $827,132.80. Following the transaction, the executive vice president owned 46,246 shares in the company, valued at $5,675,309.12. The trade was a 12.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Addus HomeCare Stock Down 1.4%

NASDAQ ADUS traded down $1.77 on Thursday, reaching $123.72. 135,729 shares of the stock traded hands, compared to its average volume of 237,235. Addus HomeCare Corporation has a 12 month low of $87.95 and a 12 month high of $131.59. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.66 and a beta of 0.75. The company has a fifty day moving average price of $118.19 and a 200-day moving average price of $107.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 1.64.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The business had revenue of $387.74 million for the quarter, compared to the consensus estimate of $388.72 million. Addus HomeCare had a return on equity of 10.22% and a net margin of 7.39%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 EPS. As a group, research analysts forecast that Addus HomeCare Corporation will post 6.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in Addus HomeCare by 21.3% in the third quarter. Hantz Financial Services Inc. now owns 620 shares of the company’s stock valued at $69,000 after acquiring an additional 109 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Addus HomeCare by 16.9% during the third quarter. Nisa Investment Advisors LLC now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 111 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Addus HomeCare by 2.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,905 shares of the company’s stock worth $593,000 after purchasing an additional 114 shares in the last quarter. Net Worth Advisory Group increased its position in shares of Addus HomeCare by 4.1% during the third quarter. Net Worth Advisory Group now owns 3,419 shares of the company’s stock worth $382,000 after purchasing an additional 136 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its holdings in shares of Addus HomeCare by 5.4% during the 3rd quarter. Hohimer Wealth Management LLC now owns 2,809 shares of the company’s stock valued at $311,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ADUS has been the topic of several recent research reports. Zacks Research upgraded shares of Addus HomeCare from a “hold” rating to a “strong-buy” rating in a report on Tuesday. TD Cowen boosted their price target on shares of Addus HomeCare from $131.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 5th. UBS Group upped their price target on shares of Addus HomeCare from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Royal Bank Of Canada increased their price objective on shares of Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Barclays increased their price objective on shares of Addus HomeCare from $96.00 to $101.00 and gave the company an “underweight” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Addus HomeCare currently has an average rating of “Moderate Buy” and an average target price of $134.70.

Addus HomeCare Company Profile

Addus HomeCare Corporation provides home-based care services to older adults and people with disabilities. Its services are designed to help clients receive care at home and in other community-based settings. The company operates through personal care, hospice and home health services. Personal care includes assistance with daily activities; hospice provides end-of-life care and support; and home health offers skilled nursing and therapy services. Founded in 1979, Addus serves communities across multiple states.