Insider Selling: Addus HomeCare Co. (NASDAQ:ADUS) CEO Sells 12,500 Shares of Stock

Addus HomeCare Co. (NASDAQ:ADUS) CEO R Dirk Allison sold 12,500 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Addus HomeCare Stock Up 1.2 %

Addus HomeCare stock traded up $1.46 during mid-day trading on Tuesday, hitting $124.41. 130,280 shares of the company’s stock traded hands, compared to its average volume of 131,677. Addus HomeCare Co. has a one year low of $85.43 and a one year high of $136.12. The company has a market cap of $2.26 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The firm has a 50 day moving average price of $128.07 and a 200 day moving average price of $123.41.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.30 earnings per share for the quarter, topping 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 company posted $1.03 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Addus HomeCare Co. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on ADUS shares. TD Cowen boosted their price objective on Addus HomeCare from $128.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 8th. 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 started coverage on shares of Addus HomeCare in a report on Friday, October 11th. They set an “overweight” rating and a $150.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Addus HomeCare in a research report on Thursday, November 14th. Finally, Stephens raised their target price on shares of Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Addus HomeCare currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.63.

Hedge Funds Weigh In On Addus HomeCare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp boosted its stake in Addus HomeCare by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock valued at $1,636,000 after buying an additional 82 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Addus HomeCare by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 4,543 shares of the company’s stock worth $527,000 after purchasing an additional 87 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Addus HomeCare by 64.2% in the 2nd quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after purchasing an additional 88 shares in the last quarter. Inspire Investing LLC lifted its stake in Addus HomeCare by 3.3% during the third quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock valued at $414,000 after purchasing an additional 100 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Addus HomeCare by 1.2% during the third quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock worth $1,132,000 after buying an additional 100 shares in the last quarter. 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.