Zacks Investment Research upgraded shares of Addus Homecare (NASDAQ:ADUS) from a strong sell rating to a hold rating in a research note published on Friday morning.

According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “

A number of other research analysts have also recently weighed in on ADUS. BidaskClub cut shares of Addus Homecare from a strong-buy rating to a buy rating in a research note on Friday, August 10th. Robert W. Baird reissued a hold rating and set a $65.00 price objective on shares of Addus Homecare in a research note on Wednesday, August 8th. Oppenheimer raised their price objective on shares of Addus Homecare from $50.00 to $72.00 and gave the stock an outperform rating in a research note on Wednesday, August 8th. ValuEngine raised shares of Addus Homecare from a buy rating to a strong-buy rating in a research note on Tuesday, September 4th. Finally, Jefferies Financial Group assumed coverage on shares of Addus Homecare in a research note on Tuesday, August 21st. They set a buy rating and a $75.00 price objective for the company. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Addus Homecare presently has an average rating of Buy and an average target price of $73.50.

Shares of ADUS traded down $2.50 during mid-day trading on Friday, reaching $72.49. 101,503 shares of the company’s stock were exchanged, compared to its average volume of 113,241. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.09 and a quick ratio of 3.09. Addus Homecare has a 52-week low of $30.95 and a 52-week high of $76.89. The stock has a market cap of $956.54 million, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 3.04 and a beta of -0.26.

Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.08. Addus Homecare had a net margin of 3.25% and a return on equity of 10.70%. The business had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $139.43 million. On average, equities analysts expect that Addus Homecare will post 1.69 earnings per share for the current fiscal year.

In related news, major shareholder Eos Capital Partners Iii L. P sold 1,024,733 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $59.00, for a total transaction of $60,459,247.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 34.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADUS. Eos Management L.P. boosted its holdings in shares of Addus Homecare by 4,991.1% in the 3rd quarter. Eos Management L.P. now owns 190,221,406 shares of the company’s stock valued at $2,712,000 after purchasing an additional 186,485,035 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Addus Homecare by 24.9% in the 3rd quarter. BlackRock Inc. now owns 731,017 shares of the company’s stock valued at $51,281,000 after purchasing an additional 145,736 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Addus Homecare by 191.1% in the 2nd quarter. Renaissance Technologies LLC now owns 183,700 shares of the company’s stock valued at $10,517,000 after purchasing an additional 120,600 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Addus Homecare in the 2nd quarter valued at $4,690,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of Addus Homecare in the 2nd quarter valued at $3,781,000. Hedge funds and other institutional investors own 82.42% of the company’s stock.

About Addus Homecare

Addus HomeCare Corporation 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's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.

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