Addus Homecare (ADUS) Downgraded to Sell at BidaskClub
BidaskClub downgraded shares of Addus Homecare (NASDAQ:ADUS) from a hold rating to a sell rating in a research note published on Wednesday.
Separately, Zacks Investment Research raised shares of Addus Homecare from a strong sell rating to a hold rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $41.33.
Shares of Addus Homecare (NASDAQ ADUS) opened at $36.50 on Wednesday. The company has a market cap of $430.37, a PE ratio of 25.00, a P/E/G ratio of 1.63 and a beta of 0.06. Addus Homecare has a 12 month low of $29.90 and a 12 month high of $40.75. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23.
In other Addus Homecare news, CEO R Dirk Allison sold 749 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $38.85, for a total transaction of $29,098.65. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider W Bradley Bickham sold 822 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $37.40, for a total transaction of $30,742.80. Following the sale, the insider now directly owns 9,178 shares in the company, valued at $343,257.20. The disclosure for this sale can be found here. 35.80% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB acquired a new stake in shares of Addus Homecare during the 2nd quarter worth about $201,000. First Trust Advisors LP acquired a new stake in shares of Addus Homecare during the 3rd quarter worth about $207,000. Eqis Capital Management Inc. acquired a new stake in shares of Addus Homecare during the 3rd quarter worth about $218,000. The Manufacturers Life Insurance Company boosted its stake in shares of Addus Homecare by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,614 shares of the company’s stock worth $246,000 after purchasing an additional 517 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Addus Homecare during the 2nd quarter worth about $359,000. 92.72% of the stock is currently owned by institutional investors.
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About Addus Homecare
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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