Addus HomeCare (NASDAQ:ADUS) Stock Price Down 7.9%


Share on StockTwits

Shares of Addus HomeCare Co. (NASDAQ:ADUS) traded down 7.9% on Tuesday . The company traded as low as $96.22 and last traded at $96.75. 2,183 shares changed hands during trading, a decline of 98% from the average session volume of 87,522 shares. The stock had previously closed at $105.07.

Separately, Zacks Investment Research lowered shares of Addus HomeCare from a “hold” rating to a “sell” rating in a research report on Monday.

The company has a 50 day simple moving average of $107.10 and a two-hundred day simple moving average of $109.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.19.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Sunday, May 2nd. The company reported $0.74 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.74. Addus HomeCare had a return on equity of 8.90% and a net margin of 4.65%. The firm had revenue of $205.30 million during the quarter, compared to the consensus estimate of $209.70 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Addus HomeCare Co. will post 2.74 earnings per share for the current year.

In related news, CEO R Dirk Allison sold 5,539 shares of the business’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $102.09, for a total transaction of $565,476.51. Also, COO W Bradley Bickham sold 2,424 shares of the company’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $102.33, for a total transaction of $248,047.92. Insiders sold a total of 11,888 shares of company stock worth $1,223,430 over the last ninety days. Insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new position in shares of Addus HomeCare in the first quarter worth about $34,000. Lazard Asset Management LLC increased its position in shares of Addus HomeCare by 490.0% in the fourth quarter. Lazard Asset Management LLC now owns 472 shares of the company’s stock valued at $55,000 after buying an additional 392 shares in the last quarter. Veriti Management LLC purchased a new position in shares of Addus HomeCare during the 4th quarter valued at approximately $64,000. Nisa Investment Advisors LLC grew its stake in Addus HomeCare by 14.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 800 shares of the company’s stock valued at $94,000 after acquiring an additional 100 shares during the period. Finally, Credit Agricole S A increased its holdings in Addus HomeCare by 353.6% in the 4th quarter. Credit Agricole S A now owns 830 shares of the company’s stock worth $97,000 after acquiring an additional 647 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

About Addus HomeCare (NASDAQ:ADUS)

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. It operates through three segments: Personal Care, Hospice, and Home Health.

Read More: G-20

Receive News & Ratings for Addus HomeCare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus HomeCare and related companies with MarketBeat.com's FREE daily email newsletter.