Addus HomeCare Corporation (NASDAQ:ADUS) Short Interest Update

Addus HomeCare Corporation (NASDAQ:ADUS) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,148,513 shares, an increase of 23.5% from the January 29th total of 929,786 shares. Based on an average trading volume of 252,301 shares, the days-to-cover ratio is presently 4.6 days. Currently, 6.5% of the company’s shares are sold short. Currently, 6.5% of the company’s shares are sold short. Based on an average trading volume of 252,301 shares, the days-to-cover ratio is presently 4.6 days.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADUS shares. Royal Bank Of Canada restated an “outperform” rating and set a $139.00 price target on shares of Addus HomeCare in a report on Wednesday, February 25th. KeyCorp reiterated an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. TD Cowen restated a “buy” rating on shares of Addus HomeCare in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. Finally, Barclays reduced their price objective on shares of Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Addus HomeCare has a consensus rating of “Moderate Buy” and an average price target of $134.33.

Insiders Place Their Bets

In related news, EVP David W. Tucker sold 704 shares of Addus HomeCare stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $107.35, for a total value of $75,574.40. Following the transaction, the executive vice president directly owned 10,802 shares of the company’s stock, valued at $1,159,594.70. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Poff sold 2,041 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total transaction of $218,346.18. Following the sale, the executive vice president owned 64,512 shares of the company’s stock, valued at $6,901,493.76. This represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,926 shares of company stock worth $1,804,969. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Addus HomeCare

Hedge funds have recently modified their holdings of the business. Hohimer Wealth Management LLC increased its stake in shares of Addus HomeCare by 3.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after acquiring an additional 88 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Addus HomeCare by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 1,854 shares of the company’s stock worth $214,000 after purchasing an additional 89 shares during the period. Amalgamated Bank increased its stake in shares of Addus HomeCare by 1.8% during the third quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock valued at $618,000 after purchasing an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Addus HomeCare by 2.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock valued at $446,000 after purchasing an additional 103 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Addus HomeCare by 6.3% during the third quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $210,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

Addus HomeCare Trading Up 2.2%

ADUS opened at $105.68 on Thursday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.11. Addus HomeCare has a 52 week low of $88.96 and a 52 week high of $124.43. The stock has a market cap of $1.96 billion, a PE ratio of 20.28, a PEG ratio of 1.43 and a beta of 0.92. The business has a 50 day moving average of $108.83 and a 200-day moving average of $112.74.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.