Addus HomeCare (NASDAQ:ADUS) Shares Gap Down to $119.52

Addus HomeCare Co. (NASDAQ:ADUS) gapped down prior to trading on Thursday . The stock had previously closed at $119.52, but opened at $112.49. Addus HomeCare shares last traded at $112.18, with a volume of 144,447 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADUS. Stephens boosted their target price on Addus HomeCare from $120.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. StockNews.com raised Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Macquarie began coverage on Addus HomeCare in a research report on Friday. They issued an “outperform” rating and a $136.00 target price on the stock. Barclays lowered Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 target price on the stock. in a research report on Tuesday, April 23rd. Finally, TD Cowen boosted their target price on Addus HomeCare from $119.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

Addus HomeCare Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50 day moving average is $109.70 and its 200 day moving average is $99.91. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 2.28 and a beta of 1.02.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, May 6th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The firm had revenue of $280.70 million during the quarter, compared to the consensus estimate of $279.49 million. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, equities analysts expect that Addus HomeCare Co. will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Roberton James Stevenson sold 217 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $116.13, for a total transaction of $25,200.21. Following the completion of the transaction, the executive vice president now owns 10,217 shares in the company, valued at $1,186,500.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Addus HomeCare by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,276,467 shares of the company’s stock valued at $131,910,000 after acquiring an additional 19,027 shares in the last quarter. Wellington Management Group LLP boosted its stake in Addus HomeCare by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 798,435 shares of the company’s stock valued at $74,135,000 after acquiring an additional 9,548 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Addus HomeCare by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 698,498 shares of the company’s stock valued at $64,857,000 after acquiring an additional 5,654 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in Addus HomeCare by 9.8% in the first quarter. TimesSquare Capital Management LLC now owns 289,998 shares of the company’s stock valued at $29,968,000 after acquiring an additional 25,910 shares in the last quarter. Finally, Summit Creek Advisors LLC boosted its stake in Addus HomeCare by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 268,224 shares of the company’s stock valued at $27,718,000 after acquiring an additional 1,739 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

About Addus HomeCare

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.