Addus HomeCare (NASDAQ:ADUS) EVP Cliff Donald Blessing Sells 2,000 Shares of Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP Cliff Donald Blessing sold 2,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $124.18, for a total value of $248,360.00. Following the transaction, the executive vice president owned 10,183 shares of the company’s stock, valued at approximately $1,264,524.94. The trade was a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Addus HomeCare Trading Up 3.2%

ADUS stock traded up $3.87 during midday trading on Tuesday, reaching $126.29. The company’s stock had a trading volume of 225,844 shares, compared to its average volume of 237,872. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.69 and a current ratio of 1.64. The stock has a fifty day simple moving average of $117.74 and a two-hundred day simple moving average of $106.95. Addus HomeCare Corporation has a 1 year low of $87.95 and a 1 year high of $131.59. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.82 and a beta of 0.75.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Tuesday, November 3rd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.04. The business had revenue of $387.74 million during 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 for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. On average, equities research analysts predict that Addus HomeCare Corporation will post 6.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADUS shares. Bank of America lowered shares of Addus HomeCare from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $125.00 in a report on Monday, September 14th. Wall Street Zen upgraded shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Raymond James Financial set a $137.00 target price on shares of Addus HomeCare in a research report on Monday, September 28th. UBS Group lifted their price target on shares of Addus HomeCare from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Finally, Barclays boosted their price target on Addus HomeCare from $96.00 to $101.00 and gave the company an “underweight” rating in a report on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Addus HomeCare currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.70.

Institutional Trading of Addus HomeCare

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of Addus HomeCare by 21.3% during the third quarter. Hantz Financial Services Inc. now owns 620 shares of the company’s stock worth $69,000 after buying an additional 109 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Addus HomeCare by 16.9% in the third quarter. Nisa Investment Advisors LLC now owns 769 shares of the company’s stock worth $85,000 after buying an additional 111 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Addus HomeCare by 2.0% in the second quarter. Assenagon Asset Management S.A. now owns 5,905 shares of the company’s stock worth $593,000 after buying an additional 114 shares in the last quarter. Net Worth Advisory Group boosted its position in 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 acquiring an additional 136 shares during the last quarter. Finally, Hohimer Wealth Management LLC boosted its position in Addus HomeCare by 5.4% during the third quarter. Hohimer Wealth Management LLC now owns 2,809 shares of the company’s stock worth $311,000 after acquiring an additional 143 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors.

About Addus HomeCare

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.