Addus HomeCare (NASDAQ:ADUS) Raised to Strong-Buy at Citizens Jmp

Addus HomeCare (NASDAQ:ADUS) was upgraded by Citizens Jmp to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

ADUS has been the topic of a number of other research reports. Oppenheimer lifted their price objective on Addus HomeCare from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $136.00 target price on shares of Addus HomeCare in a report on Thursday, November 14th. StockNews.com raised shares of Addus HomeCare from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Stephens lifted their price objective on shares of Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Macquarie restated an “outperform” rating and set a $139.00 target price on shares of Addus HomeCare in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $133.67.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS opened at $130.73 on Monday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.11 and a beta of 1.01. The firm has a fifty day moving average price of $125.76 and a 200 day moving average price of $124.69. Addus HomeCare has a fifty-two week low of $85.94 and a fifty-two week high of $136.12.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, November 4th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that Addus HomeCare will post 4.59 earnings per share for the current year.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, CEO R Dirk Allison sold 12,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $123.16, for a total value of $1,539,500.00. Following the sale, the chief executive officer now owns 141,897 shares in the company, valued at $17,476,034.52. This trade represents a 8.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Roberton James Stevenson sold 2,250 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the sale, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at $1,236,257. This represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Addus HomeCare

Hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp raised its stake in shares of Addus HomeCare by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock valued at $1,636,000 after acquiring an additional 82 shares in the last quarter. Arizona State Retirement System raised its position in Addus HomeCare by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 4,543 shares of the company’s stock valued at $527,000 after purchasing an additional 87 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Addus HomeCare by 64.2% in the 2nd quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after buying an additional 88 shares during the period. Inspire Investing LLC grew its position in shares of Addus HomeCare by 3.3% during the 3rd quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock worth $414,000 after buying an additional 100 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Addus HomeCare by 1.2% during the third quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock valued at $1,132,000 after buying an additional 100 shares during the period. 95.35% of the stock is currently owned by institutional investors.

About Addus HomeCare

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.