Zacks Investment Research downgraded shares of Addus HomeCare Corporation (NASDAQ:ADUS) from a strong-buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “

Separately, Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $30.00 target price on shares of Addus HomeCare Corporation in a report on Thursday, November 10th.

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) opened at 34.30 on Tuesday. The stock’s 50 day moving average is $34.76 and its 200 day moving average is $26.16. Addus HomeCare Corporation has a 1-year low of $15.33 and a 1-year high of $36.40. The company has a market capitalization of $389.85 million, a PE ratio of 49.14 and a beta of 0.73.

Addus HomeCare Corporation (NASDAQ:ADUS) last announced its earnings results on Monday, November 7th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The business earned $103.50 million during the quarter, compared to the consensus estimate of $101.90 million. Addus HomeCare Corporation had a net margin of 2.04% and a return on equity of 9.26%. Addus HomeCare Corporation’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, equities research analysts anticipate that Addus HomeCare Corporation will post $1.34 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its stake in Addus HomeCare Corporation by 12.0% in the third quarter. BlackRock Advisors LLC now owns 4,152 shares of the company’s stock worth $109,000 after buying an additional 446 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Addus HomeCare Corporation during the third quarter worth about $157,000. US Bancorp DE increased its stake in Addus HomeCare Corporation by 2.0% in the third quarter. US Bancorp DE now owns 6,218 shares of the company’s stock worth $163,000 after buying an additional 119 shares in the last quarter. Teachers Advisors Inc. increased its stake in Addus HomeCare Corporation by 15.7% in the second quarter. Teachers Advisors Inc. now owns 11,270 shares of the company’s stock worth $196,000 after buying an additional 1,528 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Addus HomeCare Corporation by 23.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 11,967 shares of the company’s stock worth $209,000 after buying an additional 2,251 shares in the last quarter. 95.58% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Corporation Company Profile

Addus HomeCare Corporation is a provider of home and community-based personal care services, which are provided primarily in the home, and is focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include non-medical care, such as personal care, home support services and adult day care.

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