Addus HomeCare (ADUS) Hits New 52-Week High and Low at $55.75

Addus HomeCare (NASDAQ:ADUS) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $55.75 and last traded at $55.40, with a volume of 14181 shares trading hands. The stock had previously closed at $54.40.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Addus HomeCare from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 13th. BidaskClub upgraded Addus HomeCare from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Robert W. Baird set a $43.00 price objective on Addus HomeCare and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Finally, Stephens set a $56.00 price objective on Addus HomeCare and gave the stock a “buy” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.75.

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The company has a market capitalization of $639.12, a PE ratio of 37.24, a P/E/G ratio of 1.53 and a beta of -0.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.90 and a quick ratio of 2.90.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, March 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Addus HomeCare had a return on equity of 9.95% and a net margin of 3.20%. The company had revenue of $111.96 million for the quarter, compared to analysts’ expectations of $110.82 million. equities analysts expect that Addus HomeCare will post 2.39 earnings per share for the current year.

In related news, CEO R Dirk Allison sold 749 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $38.85, for a total transaction of $29,098.65. Following the transaction, the chief executive officer now directly owns 33,120 shares of the company’s stock, valued at approximately $1,286,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Zoccoli sold 725 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.90, for a total value of $26,027.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,287 shares of company stock worth $227,318. Company insiders own 35.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of ADUS. MetLife Investment Advisors LLC acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $146,000. Goldman Sachs Group Inc. acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $258,000. Millennium Management LLC acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $1,127,000. Deutsche Bank AG increased its holdings in shares of Addus HomeCare by 51.6% during the 4th quarter. Deutsche Bank AG now owns 40,114 shares of the company’s stock worth $1,393,000 after acquiring an additional 13,655 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Addus HomeCare by 13.8% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 44,670 shares of the company’s stock worth $1,555,000 after acquiring an additional 5,420 shares during the last quarter. 59.43% of the stock is currently owned by institutional investors and hedge funds.

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Addus HomeCare Company Profile

Addus HomeCare Corporation 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's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.

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