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

Addus HomeCare Co. (NASDAQ:ADUS) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 294,700 shares, an increase of 8.1% from the May 31st total of 272,600 shares. Based on an average daily trading volume, of 123,600 shares, the short-interest ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Macquarie assumed coverage on shares of Addus HomeCare in a research note on Friday, June 28th. They issued an “outperform” rating and a $136.00 price target for the company. StockNews.com raised shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Bank of America lifted their price target on shares of Addus HomeCare from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Stephens boosted their target price on shares of Addus HomeCare from $120.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, Oppenheimer upped their target price on shares of Addus HomeCare from $118.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Activity at Addus HomeCare

In related news, EVP Roberton James Stevenson sold 217 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $116.13, for a total value of $25,200.21. Following the transaction, the executive vice president now owns 10,217 shares in the company, valued at $1,186,500.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Addus HomeCare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in Addus HomeCare in the 2nd quarter valued at about $418,000. GAMMA Investing LLC grew its position in shares of Addus HomeCare by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 744 shares of the company’s stock valued at $86,000 after acquiring an additional 188 shares during the period. Boston Partners bought a new position in shares of Addus HomeCare during the 1st quarter valued at approximately $12,215,000. Hancock Whitney Corp grew its position in shares of Addus HomeCare by 5.4% during the 1st quarter. Hancock Whitney Corp now owns 5,102 shares of the company’s stock valued at $527,000 after acquiring an additional 263 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Addus HomeCare by 683.7% during the 1st quarter. Janus Henderson Group PLC now owns 55,188 shares of the company’s stock valued at $5,703,000 after acquiring an additional 48,146 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Trading Up 0.4 %

ADUS opened at $116.65 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $1.91 billion, a PE ratio of 28.95, a P/E/G ratio of 1.77 and a beta of 1.01. Addus HomeCare has a fifty-two week low of $78.35 and a fifty-two week high of $120.53. The company’s 50-day moving average is $110.60 and its 200 day moving average is $100.28.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.97 by $0.24. The firm had revenue of $280.70 million during the quarter, compared to analyst estimates of $279.49 million. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. As a group, research analysts predict that Addus HomeCare will post 4.36 earnings per share for the current fiscal year.

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.