Addus HomeCare (NASDAQ:ADUS) Sees Strong Trading Volume

Shares of Addus HomeCare Co. (NASDAQ:ADUS) saw an uptick in trading volume on Friday . 221,601 shares were traded during trading, an increase of 76% from the previous session’s volume of 126,185 shares.The stock last traded at $116.91 and had previously closed at $114.21.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADUS. StockNews.com upgraded shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America lifted their price objective on shares of Addus HomeCare from $115.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Stephens lifted their price objective on shares of Addus HomeCare from $120.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Oppenheimer boosted their price target on shares of Addus HomeCare from $118.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Finally, Macquarie began coverage on shares of Addus HomeCare in a report on Friday. They issued an “outperform” rating and a $136.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Addus HomeCare Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $1.90 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.02. The firm’s 50 day moving average is $109.70 and its 200 day moving average is $99.95.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.97 by $0.24. The firm had revenue of $280.70 million during the quarter, compared to analyst estimates of $279.49 million. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. Addus HomeCare’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. Analysts anticipate that Addus HomeCare Co. will post 4.36 EPS for the current year.

Insider Buying and Selling

In related news, EVP Roberton James Stevenson sold 217 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $116.13, for a total transaction of $25,200.21. Following the completion of the transaction, the executive vice president now owns 10,217 shares in the company, valued at approximately $1,186,500.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of Addus HomeCare

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Addus HomeCare by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,276,467 shares of the company’s stock worth $131,910,000 after purchasing an additional 19,027 shares during the last quarter. Wellington Management Group LLP grew its position in Addus HomeCare by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 798,435 shares of the company’s stock worth $74,135,000 after purchasing an additional 9,548 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Addus HomeCare by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 698,498 shares of the company’s stock worth $64,857,000 after purchasing an additional 5,654 shares during the last quarter. TimesSquare Capital Management LLC grew its position in Addus HomeCare by 9.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 289,998 shares of the company’s stock worth $29,968,000 after purchasing an additional 25,910 shares during the last quarter. Finally, Summit Creek Advisors LLC grew its position in Addus HomeCare by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 268,224 shares of the company’s stock worth $27,718,000 after purchasing an additional 1,739 shares during the last quarter. Hedge funds and other 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.