Addus HomeCare (NASDAQ:ADUS) EVP Monica Raines Sells 2,062 Shares of Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP Monica Raines sold 2,062 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $124.74, for a total value of $257,213.88. Following the sale, the executive vice president directly owned 13,577 shares in the company, valued at $1,693,594.98. This represents a 13.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Addus HomeCare Price Performance

Addus HomeCare stock traded up $3.87 during mid-day trading on Tuesday, reaching $126.29. 225,844 shares of the company were exchanged, compared to its average volume of 237,872. The company has a fifty day simple moving average of $117.74 and a 200-day simple moving average of $106.95. Addus HomeCare Corporation has a 12 month low of $87.95 and a 12 month high of $131.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.64 and a quick ratio of 1.69. The firm has a market cap of $2.36 billion, a PE 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, beating analysts’ consensus estimates of $1.79 by $0.04. The firm 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 company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 EPS. As a group, equities research analysts expect that Addus HomeCare Corporation will post 6.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Addus HomeCare from $135.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Royal Bank Of Canada raised their target price on shares of Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Raymond James Financial set a $137.00 target price on shares of Addus HomeCare in a report on Monday, September 28th. Weiss Ratings upgraded shares of Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Finally, Barclays upped their price target on shares of Addus HomeCare from $96.00 to $101.00 and gave the stock an “underweight” rating in a report on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average 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 modified their holdings of the business. BlackRock Inc. acquired a new stake in Addus HomeCare in the second quarter valued at about $344,153,000. Bank of America Corp DE bought a new position in Addus HomeCare in the second quarter valued at about $35,527,000. TimesSquare Capital Management LLC acquired a new position in Addus HomeCare during the second quarter worth about $31,502,000. Punch & Associates Investment Management Inc. acquired a new position in Addus HomeCare during the second quarter worth about $20,911,000. Finally, William Blair Investment Management LLC bought a new position in shares of Addus HomeCare in the second quarter worth about $17,703,000. 95.35% of the stock is currently owned by institutional investors.

Addus HomeCare Company Profile

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.