BidaskClub upgraded shares of Addus Homecare (NASDAQ:ADUS) from a hold rating to a buy rating in a research report report published on Thursday.
Separately, Zacks Investment Research upgraded shares of Addus Homecare from a strong sell rating to a hold rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $42.33.
Shares of ADUS stock opened at $42.65 on Thursday. The company has a quick ratio of 2.68, a current ratio of 2.90 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $496.06, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.88 and a beta of 0.13. Addus Homecare has a one year low of $29.90 and a one year high of $43.95.
Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, March 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Addus Homecare had a net margin of 3.20% and a return on equity of 9.95%. The business had revenue of $111.96 million for the quarter, compared to analysts’ expectations of $110.82 million.
In related news, CFO Brian Poff sold 1,240 shares of Addus Homecare stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $34.06, for a total transaction of $42,234.40. Following the sale, the chief financial officer now directly owns 24,623 shares in the company, valued at $838,659.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Zoccoli sold 725 shares of Addus Homecare stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.90, for a total transaction of $26,027.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,109 shares of company stock worth $258,061. Company insiders own 35.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ADUS. Northern Trust Corp raised its stake in shares of Addus Homecare by 4.4% during the second quarter. Northern Trust Corp now owns 139,906 shares of the company’s stock valued at $5,204,000 after purchasing an additional 5,929 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Addus Homecare by 6.6% during the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock valued at $12,622,000 after purchasing an additional 20,858 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of Addus Homecare during the second quarter valued at about $421,000. State Street Corp raised its position in Addus Homecare by 12.7% in the second quarter. State Street Corp now owns 122,306 shares of the company’s stock worth $4,549,000 after acquiring an additional 13,788 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Addus Homecare by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,614 shares of the company’s stock worth $246,000 after acquiring an additional 517 shares in the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.
Addus Homecare Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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