Addus HomeCare (NASDAQ:ADUS) EVP Sells 14,850 Shares of Company Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP David Tucker sold 14,850 shares of Addus HomeCare stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $124.75, for a total value of $1,852,537.50. Following the sale, the executive vice president directly owned 8,073 shares in the company, valued at approximately $1,007,106.75. This trade represents a 64.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS traded up $3.87 during trading on Tuesday, hitting $126.29. 225,844 shares of the stock were exchanged, compared to its average volume of 237,872. Addus HomeCare Corporation has a 1-year low of $87.95 and a 1-year high of $131.59. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.82 and a beta of 0.75. The company’s fifty day simple moving average is $117.74 and its 200-day simple moving average is $106.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.69 and a current ratio of 1.64.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. The company had revenue of $387.74 million during the quarter, compared to analysts’ expectations of $388.72 million. Addus HomeCare had a net margin of 7.39% and a return on equity of 10.22%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 EPS. Sell-side analysts expect that Addus HomeCare Corporation will post 6.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in shares of Addus HomeCare by 73.3% during the second quarter. Hsbc Holdings PLC now owns 24,463 shares of the company’s stock valued at $2,446,000 after acquiring an additional 10,350 shares during the period. Summit Creek Advisors LLC acquired a new stake in Addus HomeCare in the second quarter worth about $8,552,000. Bank of America Corp DE raised its holdings in Addus HomeCare by 11.3% during the 1st quarter. Bank of America Corp DE now owns 323,037 shares of the company’s stock worth $30,252,000 after purchasing an additional 32,714 shares during the last quarter. Globeflex Capital L P bought a new stake in Addus HomeCare during the 2nd quarter worth about $1,635,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Addus HomeCare during the 2nd quarter worth about $901,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADUS. Bank of America downgraded Addus HomeCare from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $125.00 in a report on Monday, September 14th. Citigroup downgraded shares of Addus HomeCare from a “market outperform” rating to a “neutral” rating in a report on Monday, September 14th. Truist Financial raised their price objective 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. TD Cowen increased their price target on Addus HomeCare from $131.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, Wall Street Zen raised Addus HomeCare from a “buy” rating to a “strong-buy” rating in a report on Saturday. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Addus HomeCare has a consensus rating of “Moderate Buy” and a consensus target price of $134.70.

About Addus HomeCare

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.