Addus HomeCare (NASDAQ:ADUS) Hits New 1-Year Low – Here’s What Happened

Addus HomeCare Corporation (NASDAQ:ADUS) shares reached a new 52-week low during trading on Friday . The stock traded as low as $90.74 and last traded at $90.88, with a volume of 68099 shares trading hands. The stock had previously closed at $92.41.

Analysts Set New Price Targets

Several analysts have commented on ADUS shares. Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a report on Wednesday, February 25th. Barclays lowered their price target on Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating for the company in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st. Citizens Jmp decreased their target price on Addus HomeCare from $150.00 to $142.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Finally, KeyCorp reiterated an “overweight” rating on shares of Addus HomeCare in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Addus HomeCare Stock Down 1.9%

The stock has a fifty day moving average price of $97.03 and a 200-day moving average price of $106.52. The firm has a market cap of $1.69 billion, a PE ratio of 16.70, a PEG ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $363.50 million for the quarter, compared to analyst estimates of $366.41 million. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.Addus HomeCare’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 EPS. Research analysts expect that Addus HomeCare Corporation will post 6.24 EPS for the current year.

Insider Activity

In related news, EVP David W. Tucker sold 704 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $107.35, for a total transaction of $75,574.40. Following the transaction, the executive vice president directly owned 10,802 shares of the company’s stock, valued at approximately $1,159,594.70. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sean Gaffney sold 817 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total value of $87,402.66. Following the transaction, the executive vice president directly owned 20,522 shares in the company, valued at $2,195,443.56. This trade represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,788 shares of company stock worth $1,785,633 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Addus HomeCare

Institutional investors have recently made changes to their positions in the business. TimesSquare Capital Management LLC raised its position in shares of Addus HomeCare by 6.2% in the 3rd quarter. TimesSquare Capital Management LLC now owns 418,348 shares of the company’s stock valued at $49,361,000 after purchasing an additional 24,301 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Addus HomeCare by 14.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 70,827 shares of the company’s stock valued at $8,357,000 after purchasing an additional 8,893 shares in the last quarter. Burney Co. acquired a new position in shares of Addus HomeCare in the 4th quarter valued at approximately $1,841,000. Capital Research Global Investors raised its position in shares of Addus HomeCare by 9.0% in the 3rd quarter. Capital Research Global Investors now owns 1,201,560 shares of the company’s stock valued at $141,772,000 after purchasing an additional 99,262 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Addus HomeCare by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,298,104 shares of the company’s stock valued at $153,163,000 after purchasing an additional 36,674 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Company Profile

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.