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 company’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $124.74, for a total transaction of $257,213.88. Following the transaction, the executive vice president owned 13,577 shares of the company’s stock, valued at approximately $1,693,594.98. This represents a 13.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Addus HomeCare Price Performance

NASDAQ:ADUS traded up $3.87 on Tuesday, hitting $126.29. The company had a trading volume of 225,844 shares, compared to its average volume of 237,872. Addus HomeCare Corporation has a 52 week low of $87.95 and a 52 week high of $131.59. The company has a current ratio of 1.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.82 and a beta of 0.75. The firm has a 50 day moving average of $117.74 and a two-hundred day moving average of $106.95.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Tuesday, November 3rd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The firm had revenue of $387.74 million for the quarter, compared to analysts’ expectations of $388.72 million. Addus HomeCare had a net margin of 7.39% and a return on equity of 10.22%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, research analysts anticipate that Addus HomeCare Corporation will post 6.34 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADUS. TD Cowen boosted their price objective on Addus HomeCare from $131.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Barclays upped their target price on Addus HomeCare from $96.00 to $101.00 and gave the stock an “underweight” rating in a report on Wednesday, November 4th. Citigroup downgraded Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. Royal Bank Of Canada lifted their price target on Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded Addus HomeCare from a “buy” rating to a “strong-buy” rating in a report on Saturday. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.70.

Institutional Trading of Addus HomeCare

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in Addus HomeCare by 270.4% during the 3rd quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $99,000 after purchasing an additional 657 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Addus HomeCare by 21.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 620 shares of the company’s stock valued at $69,000 after buying an additional 109 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Addus HomeCare by 8.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 82,792 shares of the company’s stock valued at $9,152,000 after buying an additional 6,538 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Addus HomeCare by 1.7% in the third quarter. King Luther Capital Management Corp now owns 35,078 shares of the company’s stock valued at $3,878,000 after buying an additional 582 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in shares of Addus HomeCare by 52.5% in the third quarter. Maryland State Retirement & Pension System now owns 4,037 shares of the company’s stock valued at $446,000 after buying an additional 1,389 shares during the period. 95.35% of the stock is currently owned by institutional investors and hedge funds.

About Addus HomeCare

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.