Addus HomeCare (NASDAQ:ADUS) Hits New 12-Month High at $124.38

Addus HomeCare Co. (NASDAQ:ADUS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $124.38 and last traded at $123.50, with a volume of 32775 shares changing hands. The stock had previously closed at $123.67.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Macquarie initiated coverage on Addus HomeCare in a research note on Friday, June 28th. They issued an “outperform” rating and a $136.00 price objective on the stock. Oppenheimer lifted their price target on Addus HomeCare from $118.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. TD Cowen lifted their price target on Addus HomeCare from $119.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Bank of America lifted their price target on Addus HomeCare from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Barclays downgraded Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price target on the stock. in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, Addus HomeCare currently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Addus HomeCare Trading Down 0.8 %

The company has a market cap of $2.22 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.34 and a beta of 1.01. 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 business has a 50-day moving average price of $116.48 and a two-hundred day moving average price of $103.14.

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

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Roberton James Stevenson sold 217 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $116.13, for a total value of $25,200.21. Following the completion of the sale, the executive vice president now directly owns 10,217 shares in the company, valued at $1,186,500.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Addus HomeCare by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,276,467 shares of the company’s stock valued at $131,910,000 after purchasing an additional 19,027 shares during the last quarter. Wellington Management Group LLP raised its stake in Addus HomeCare by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 798,435 shares of the company’s stock valued at $74,135,000 after buying an additional 9,548 shares during the period. Dimensional Fund Advisors LP raised its stake in Addus HomeCare by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 698,498 shares of the company’s stock valued at $64,857,000 after buying an additional 5,654 shares during the period. TimesSquare Capital Management LLC raised its stake in Addus HomeCare by 9.8% in the first quarter. TimesSquare Capital Management LLC now owns 289,998 shares of the company’s stock valued at $29,968,000 after buying an additional 25,910 shares during the period. Finally, Summit Creek Advisors LLC raised its stake in Addus HomeCare by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 268,224 shares of the company’s stock valued at $27,718,000 after buying an additional 1,739 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

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.