Addus HomeCare Co. (NASDAQ:ADUS) EVP Roberton James Stevenson Sells 2,250 Shares

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

Addus HomeCare Trading Up 1.9 %

ADUS stock traded up $2.23 during mid-day trading on Tuesday, reaching $122.96. 89,441 shares of the stock traded hands, compared to its average volume of 130,493. Addus HomeCare Co. has a 52-week low of $85.94 and a 52-week high of $136.12. The stock’s fifty day moving average is $126.01 and its 200-day moving average is $124.24. The company has a market cap of $2.23 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.11 and a beta of 1.02.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Addus HomeCare in the 2nd quarter valued at approximately $842,000. Diversified Trust Co increased its stake in shares of Addus HomeCare by 9.4% in the second quarter. Diversified Trust Co now owns 2,673 shares of the company’s stock worth $310,000 after acquiring an additional 230 shares during the last quarter. Ellsworth Advisors LLC purchased a new stake in shares of Addus HomeCare during the second quarter worth $598,000. Blue Trust Inc. acquired a new stake in Addus HomeCare during the second quarter valued at $310,000. Finally, Summit Global Investments grew its stake in Addus HomeCare by 7.9% in the second quarter. Summit Global Investments now owns 10,752 shares of the company’s stock valued at $1,248,000 after purchasing an additional 790 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Macquarie reaffirmed an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Monday, November 4th. KeyCorp began coverage on shares of Addus HomeCare in a research note on Friday, October 11th. They issued an “overweight” rating and a $150.00 price target for the company. Stephens raised their price objective on shares of Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $136.00 target price on shares of Addus HomeCare in a report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Addus HomeCare currently has an average rating of “Moderate Buy” and an average 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.