Addus HomeCare Co. (NASDAQ:ADUS) Sees Large Growth in Short Interest

Addus HomeCare Co. (NASDAQ:ADUS) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 419,600 shares, an increase of 42.4% from the June 15th total of 294,700 shares. Based on an average trading volume of 154,500 shares, the short-interest ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADUS shares. StockNews.com downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 7th. Bank of America upped their target price on Addus HomeCare from $115.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Barclays downgraded Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price target for the company. in a report on Tuesday, April 23rd. Stephens raised their price objective on shares of Addus HomeCare from $120.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, TD Cowen boosted their target price on shares of Addus HomeCare from $119.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.25.

Addus HomeCare Price Performance

Addus HomeCare stock opened at $120.90 on Monday. The company has a fifty day simple moving average of $114.21 and a 200-day simple moving average of $101.56. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.33 and a beta of 1.01. Addus HomeCare has a 52-week low of $78.35 and a 52-week high of $121.42.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 6th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. The company had revenue of $280.70 million during the quarter, compared to the consensus estimate of $279.49 million. During the same quarter in the prior year, the firm earned $0.84 EPS. Addus HomeCare’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Addus HomeCare will post 4.36 EPS for the current fiscal year.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Roberton James Stevenson sold 217 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $116.13, for a total transaction of $25,200.21. Following the sale, the executive vice president now owns 10,217 shares in the company, valued at approximately $1,186,500.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its stake in shares of Addus HomeCare by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,310 shares of the company’s stock valued at $1,329,000 after buying an additional 113 shares in the last quarter. Guinness Asset Management LTD raised its position in Addus HomeCare by 3.3% in the 2nd quarter. Guinness Asset Management LTD now owns 5,001 shares of the company’s stock valued at $580,000 after purchasing an additional 158 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Addus HomeCare by 40.8% in the 1st quarter. GAMMA Investing LLC now owns 556 shares of the company’s stock valued at $57,000 after buying an additional 161 shares during the period. ProShare Advisors LLC grew its position in shares of Addus HomeCare by 7.3% during the first quarter. ProShare Advisors LLC now owns 3,163 shares of the company’s stock worth $327,000 after buying an additional 214 shares in the last quarter. Finally, Pitcairn Co. increased its stake in shares of Addus HomeCare by 6.2% during the first quarter. Pitcairn Co. now owns 3,840 shares of the company’s stock worth $397,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds 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.