Addus HomeCare Co. (NASDAQ:ADUS) Short Interest Down 12.3% in December

Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) saw a large decline in short interest in the month of December. As of December 30th, there was short interest totalling 412,200 shares, a decline of 12.3% from the December 15th total of 470,200 shares. Based on an average trading volume of 101,700 shares, the short-interest ratio is presently 4.1 days. Approximately 2.6% of the company’s stock are sold short.

Addus HomeCare Stock Performance

NASDAQ ADUS opened at $109.58 on Friday. Addus HomeCare has a 1 year low of $68.57 and a 1 year high of $112.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 2.64 and a beta of 0.82. The company has a fifty day moving average price of $104.47 and a 200-day moving average price of $98.79.

Addus HomeCare (NASDAQ:ADUS – Get Rating) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $242.21 million. Addus HomeCare had a net margin of 4.77% and a return on equity of 8.46%. Addus HomeCare’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, equities research analysts predict that Addus HomeCare will post 3.12 EPS for the current fiscal year.

Insider Activity at Addus HomeCare

In related news, EVP Michael D. Wattenbarger sold 248 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $109.77, for a total transaction of $27,222.96. Following the transaction, the executive vice president now owns 6,764 shares in the company, valued at approximately $742,484.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Addus HomeCare news, COO W Bradley Bickham sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $105.21, for a total transaction of $789,075.00. Following the transaction, the chief operating officer now owns 39,284 shares in the company, valued at $4,133,069.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael D. Wattenbarger sold 248 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $109.77, for a total transaction of $27,222.96. Following the transaction, the executive vice president now owns 6,764 shares in the company, valued at approximately $742,484.28. The disclosure for this sale can be found here. Insiders have sold 32,714 shares of company stock worth $3,524,933 in the last quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several institutional investors have recently added to or reduced their stakes in ADUS. JPMorgan Chase & Co. grew its position in Addus HomeCare by 12.3% during the first quarter. JPMorgan Chase & Co. now owns 19,005 shares of the company’s stock valued at $1,773,000 after buying an additional 2,080 shares during the period. US Bancorp DE boosted its position in Addus HomeCare by 335.3% during the first quarter. US Bancorp DE now owns 3,744 shares of the company’s stock worth $349,000 after purchasing an additional 2,884 shares during the period. MetLife Investment Management LLC boosted its position in Addus HomeCare by 59.9% during the first quarter. MetLife Investment Management LLC now owns 8,394 shares of the company’s stock worth $783,000 after purchasing an additional 3,146 shares during the period. Rhumbline Advisers boosted its position in Addus HomeCare by 2.9% during the first quarter. Rhumbline Advisers now owns 42,780 shares of the company’s stock worth $3,991,000 after purchasing an additional 1,214 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Addus HomeCare by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,731 shares of the company’s stock worth $1,281,000 after purchasing an additional 1,693 shares during the period. Institutional investors own 97.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 14th. Royal Bank of Canada upped their target price on shares of Addus HomeCare from $110.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $112.60.

About Addus HomeCare

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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.