Addus HomeCare (NASDAQ:ADUS) Downgraded by StockNews.com to Hold

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

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $136.00 price target on shares of Addus HomeCare in a research report on Thursday, November 14th. Macquarie reissued an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research report on Monday, November 4th. Oppenheimer boosted their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Stephens reduced their price target on shares of Addus HomeCare from $153.00 to $142.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Citizens Jmp raised shares of Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.78.

Addus HomeCare Trading Up 1.2 %

Addus HomeCare stock opened at $96.86 on Wednesday. The stock has a market cap of $1.76 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The company has a fifty day simple moving average of $122.60 and a 200-day simple moving average of $126.08. Addus HomeCare has a 12-month low of $87.88 and a 12-month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, February 24th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.09). The firm had revenue of $297.14 million for the quarter, compared to analysts’ expectations of $291.04 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. As a group, sell-side analysts forecast that Addus HomeCare will post 4.59 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO R Dirk Allison sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the transaction, the chief executive officer now directly owns 79,397 shares in the company, valued at $9,905,569.72. The trade was a 23.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Roberton James Stevenson sold 2,250 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ADUS. Capital Research Global Investors acquired a new position in shares of Addus HomeCare during the fourth quarter worth about $51,149,000. American Century Companies Inc. increased its stake in shares of Addus HomeCare by 695.8% during the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock worth $35,643,000 after acquiring an additional 248,613 shares during the period. Bank of America Corp DE increased its stake in shares of Addus HomeCare by 273.6% during the fourth quarter. Bank of America Corp DE now owns 175,070 shares of the company’s stock worth $21,945,000 after acquiring an additional 128,211 shares during the period. Wasatch Advisors LP grew its position in Addus HomeCare by 11.8% during the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock worth $138,782,000 after buying an additional 110,010 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in Addus HomeCare by 28.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after buying an additional 78,835 shares during the period. 95.35% of the stock is currently owned by institutional investors and hedge funds.

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.