Addus HomeCare (NASDAQ:ADUS) EVP Darby Anderson Sells 6,740 Shares of Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP Darby Anderson sold 6,740 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $122.72, for a total transaction of $827,132.80. Following the transaction, the executive vice president owned 46,246 shares of the company’s stock, valued at $5,675,309.12. This represents a 12.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Addus HomeCare Price Performance

ADUS opened at $123.72 on Friday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.65 and a beta of 0.75. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $118.30 and a 200-day moving average price of $107.17. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $131.59.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.04. The company had revenue of $387.74 million for the quarter, compared to analyst estimates of $388.72 million. Addus HomeCare had a net margin of 7.39% and a return on equity of 10.22%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. Equities analysts expect that Addus HomeCare Corporation will post 6.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADUS. Weiss Ratings raised Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. TD Cowen lifted their target price on Addus HomeCare from $131.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Raymond James Financial set a $137.00 target price on Addus HomeCare in a report on Monday, September 28th. Bank of America cut Addus HomeCare from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $125.00 in a research report on Monday, September 14th. Finally, Truist Financial increased their price target on shares of Addus HomeCare from $135.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.33.

Hedge Funds Weigh In On Addus HomeCare

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP lifted its position in Addus HomeCare by 21.9% in the 3rd quarter. First Trust Advisors LP now owns 39,432 shares of the company’s stock worth $4,359,000 after buying an additional 7,084 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in Addus HomeCare in the third quarter worth approximately $187,000. Private Advisor Group LLC grew its position in Addus HomeCare by 15.5% during the third quarter. Private Advisor Group LLC now owns 2,940 shares of the company’s stock valued at $325,000 after acquiring an additional 394 shares during the last quarter. Boston Partners grew its position in Addus HomeCare by 18.0% during the third quarter. Boston Partners now owns 290,332 shares of the company’s stock valued at $32,222,000 after acquiring an additional 44,279 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Addus HomeCare by 270.4% during the third quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $99,000 after acquiring an additional 657 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors.

Addus HomeCare Company Profile

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.