Addus HomeCare (NASDAQ:ADUS) Sets New 52-Week High – Time to Buy?

Addus HomeCare Co. (NASDAQ:ADUS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $136.68 and last traded at $135.82, with a volume of 5486 shares traded. The stock had previously closed at $133.87.

Wall Street Analyst Weigh In

ADUS has been the topic of several research analyst reports. JMP Securities assumed coverage on Addus HomeCare in a research note on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective on the stock. StockNews.com cut Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Stephens increased their target price on Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Oppenheimer raised their price target on shares of Addus HomeCare from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.67.

Addus HomeCare Stock Up 1.4 %

The firm has a market capitalization of $2.46 billion, a PE ratio of 31.09, a PEG ratio of 1.74 and a beta of 1.00. The business’s fifty day moving average price is $125.39 and its 200 day moving average price is $126.71.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $289.80 million for the quarter, compared to the consensus estimate of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, analysts anticipate that Addus HomeCare Co. will post 4.58 earnings per share for the current year.

Insider Transactions at Addus HomeCare

In other news, CEO R Dirk Allison sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $123.16, for a total transaction of $1,539,500.00. Following the sale, the chief executive officer now directly owns 141,897 shares in the company, valued at approximately $17,476,034.52. The trade was a 8.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Roberton James Stevenson sold 2,250 shares of the 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 represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,750 shares of company stock worth $4,930,750. 4.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Addus HomeCare

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. lifted its position in Addus HomeCare by 73.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 745,824 shares of the company’s stock worth $86,598,000 after buying an additional 315,602 shares in the last quarter. Millennium Management LLC increased its holdings in Addus HomeCare by 412.7% in the 2nd quarter. Millennium Management LLC now owns 316,418 shares of the company’s stock valued at $36,739,000 after buying an additional 254,705 shares during the period. Wasatch Advisors LP boosted its stake in Addus HomeCare by 11.8% in the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock valued at $138,782,000 after buying an additional 110,010 shares in the last quarter. Ghisallo Capital Management LLC bought a new stake in Addus HomeCare during the 2nd quarter worth $11,611,000. Finally, Principal Financial Group Inc. increased its position in Addus HomeCare by 17.5% in the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock valued at $67,293,000 after acquiring an additional 75,409 shares during the period. 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.