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

StockNews.com cut shares of Addus HomeCare (NASDAQ:ADUS) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

ADUS has been the topic of a number of other reports. Oppenheimer raised their target price on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JMP Securities began coverage on Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price target on the stock. Macquarie reissued an “outperform” rating and set a $139.00 price objective on shares of Addus HomeCare in a research report on Monday, November 4th. Stephens lowered their target price on Addus HomeCare from $153.00 to $142.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $136.00 price target on shares of Addus HomeCare in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.89.

Addus HomeCare Price Performance

Shares of NASDAQ:ADUS opened at $95.68 on Wednesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.41 and a beta of 1.00. The business has a 50-day moving average of $123.26 and a two-hundred day moving average of $126.28. Addus HomeCare has a fifty-two week low of $87.88 and a fifty-two week high of $136.72.

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

Insider Activity

In other news, EVP Roberton James Stevenson sold 2,250 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R Dirk Allison sold 25,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 79,397 shares in the company, valued at approximately $9,905,569.72. The trade was a 23.95 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Addus HomeCare in the 3rd quarter worth approximately $1,622,000. JPMorgan Chase & Co. raised its stake in Addus HomeCare by 10.2% during the third quarter. JPMorgan Chase & Co. now owns 183,198 shares of the company’s stock worth $24,371,000 after acquiring an additional 16,997 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Addus HomeCare by 127.7% during the third quarter. Harbor Capital Advisors Inc. now owns 64,311 shares of the company’s stock valued at $8,555,000 after acquiring an additional 36,071 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Addus HomeCare by 17.5% during the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock valued at $67,293,000 after acquiring an additional 75,409 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Addus HomeCare by 6.1% in the 3rd quarter. Victory Capital Management Inc. now owns 84,960 shares of the company’s stock valued at $11,302,000 after purchasing an additional 4,913 shares in the last quarter. Institutional investors 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.