Insider Selling: Addus HomeCare Co. (NASDAQ:ADUS) EVP Sells $272,250.00 in Stock

Addus HomeCare Co. (NASDAQ:ADUS) EVP Roberton James Stevenson sold 2,250 shares of Addus HomeCare stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the completion of the transaction, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at $1,236,257. The trade was a 18.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Addus HomeCare Stock Up 0.9 %

Shares of NASDAQ:ADUS opened at $122.00 on Friday. Addus HomeCare Co. has a 52-week low of $85.94 and a 52-week high of $136.12. The business has a fifty day moving average of $125.67 and a two-hundred day moving average of $124.28. The stock has a market cap of $2.21 billion, a P/E ratio of 27.92, a PEG ratio of 2.11 and a beta of 1.01.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. The firm had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. Addus HomeCare’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. On average, equities analysts anticipate that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Institutional Trading of Addus HomeCare

Several institutional investors have recently made changes to their positions in ADUS. Texas Permanent School Fund Corp grew its position in Addus HomeCare by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock worth $1,636,000 after acquiring an additional 82 shares during the period. Arizona State Retirement System grew its holdings in shares of Addus HomeCare by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 4,543 shares of the company’s stock worth $527,000 after purchasing an additional 87 shares during the period. UMB Bank n.a. increased its position in shares of Addus HomeCare by 64.2% during the 2nd quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after purchasing an additional 88 shares during the last quarter. Inspire Investing LLC increased its position in shares of Addus HomeCare by 3.3% during the 3rd quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock worth $414,000 after purchasing an additional 100 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Addus HomeCare by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock valued at $1,132,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADUS shares. StockNews.com upgraded Addus HomeCare from a “hold” rating to a “buy” rating in a research note on Wednesday. Oppenheimer lifted their price target on shares of Addus HomeCare from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Stephens upped their price objective on shares of Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Macquarie reaffirmed an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Monday, November 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $136.00 price objective on shares of Addus HomeCare in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.63.

Addus HomeCare Company Profile

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.