Addus HomeCare (NASDAQ:ADUS) Hits New 52-Week High – Time to Buy?

Addus HomeCare Co. (NASDAQ:ADUS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $136.68 and last traded at $135.82, with a volume of 5486 shares. The stock had previously closed at $133.87.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADUS. Macquarie reaffirmed an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Monday, November 4th. KeyCorp started coverage on Addus HomeCare in a research report on Friday, October 11th. They issued an “overweight” rating and a $150.00 price target for the company. JMP Securities assumed coverage on Addus HomeCare in a report on Monday, December 16th. They set an “outperform” rating and a $150.00 price objective on the stock. Stephens raised their price objective on Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.67.

Addus HomeCare Stock Down 2.4 %

The firm has a 50-day moving average price of $125.78 and a two-hundred day moving average price of $126.88. The company has a market capitalization of $2.41 billion, a P/E ratio of 30.36, a PEG ratio of 1.74 and a beta of 1.00.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. During the same period in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Addus HomeCare Co. will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO R Dirk Allison sold 25,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 79,397 shares of the company’s stock, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roberton James Stevenson sold 2,250 shares of Addus HomeCare stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.00, for a total transaction of $272,250.00. Following the sale, the executive vice president now owns 10,217 shares in the company, valued at $1,236,257. This represents a 18.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,750 shares of company stock valued at $4,930,750 over the last three months. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ADUS. American Century Companies Inc. grew its stake in shares of Addus HomeCare by 90.6% in the 2nd quarter. American Century Companies Inc. now owns 18,393 shares of the company’s stock valued at $2,136,000 after purchasing an additional 8,743 shares during the period. Dimensional Fund Advisors LP grew its position in Addus HomeCare by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 714,253 shares of the company’s stock valued at $82,930,000 after acquiring an additional 5,421 shares during the period. Amalgamated Bank grew its position in Addus HomeCare by 8.4% in the second quarter. Amalgamated Bank now owns 5,330 shares of the company’s stock valued at $619,000 after acquiring an additional 412 shares during the period. Intech Investment Management LLC acquired a new position in Addus HomeCare during the second quarter worth $245,000. Finally, Sei Investments Co. lifted its holdings in shares of Addus HomeCare by 22.2% during the second quarter. Sei Investments Co. now owns 13,770 shares of the company’s stock valued at $1,599,000 after acquiring an additional 2,499 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

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.