Addus HomeCare Co. (NASDAQ:ADUS) Short Interest Update

Addus HomeCare Co. (NASDAQ:ADUS) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 501,300 shares, a decrease of 7.9% from the January 15th total of 544,200 shares. Based on an average trading volume of 148,000 shares, the short-interest ratio is presently 3.4 days.

Addus HomeCare Stock Up 0.4 %

ADUS stock opened at $113.64 on Wednesday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.55 and a beta of 1.00. Addus HomeCare has a 12 month low of $85.94 and a 12 month high of $136.72. The firm has a 50 day moving average of $125.70 and a two-hundred day moving average of $127.01.

Wall Street Analyst Weigh In

ADUS has been the subject of several recent research reports. Stephens increased their target price 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. StockNews.com upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a report on Friday, January 24th. JMP Securities began coverage on shares of Addus HomeCare in a report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $136.00 price target on shares of Addus HomeCare in a report on Thursday, November 14th. Finally, Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $134.22.

Insider Transactions at Addus HomeCare

In other news, CEO R Dirk Allison sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $123.16, for a total value of $1,539,500.00. Following the completion of the sale, the chief executive officer now directly owns 141,897 shares of the company’s stock, valued at approximately $17,476,034.52. This represents a 8.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Roberton James Stevenson sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.00, for a total transaction of $272,250.00. Following the completion of the sale, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at approximately $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 three months, insiders sold 39,750 shares of company stock valued at $4,930,750. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Addus HomeCare

Several large investors have recently added to or reduced their stakes in ADUS. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Addus HomeCare during the 3rd quarter worth $1,622,000. JPMorgan Chase & Co. boosted its holdings in shares of Addus HomeCare by 10.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 183,198 shares of the company’s stock worth $24,371,000 after buying an additional 16,997 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Addus HomeCare by 127.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 64,311 shares of the company’s stock valued at $8,555,000 after purchasing an additional 36,071 shares during the period. Principal Financial Group Inc. boosted its holdings 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 purchasing an additional 75,409 shares during the period. Finally, Quest Partners LLC boosted its holdings in Addus HomeCare by 4,087.0% in the 3rd quarter. Quest Partners LLC now owns 11,263 shares of the company’s stock valued at $1,498,000 after purchasing an additional 10,994 shares during the period. 95.35% of the stock is owned by institutional investors.

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.