Short Interest in Addus HomeCare Co. (NASDAQ:ADUS) Decreases By 28.4%

Addus HomeCare Co. (NASDAQ:ADUSGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 310,100 shares, a drop of 28.4% from the April 30th total of 433,300 shares. Based on an average trading volume of 136,200 shares, the short-interest ratio is presently 2.3 days.

Hedge Funds Weigh In On Addus HomeCare

A number of hedge funds have recently bought and sold shares of ADUS. Louisiana State Employees Retirement System bought a new stake in Addus HomeCare in the 4th quarter valued at about $752,000. Hsbc Holdings PLC raised its position in shares of Addus HomeCare by 2.9% in the third quarter. Hsbc Holdings PLC now owns 41,578 shares of the company’s stock valued at $3,542,000 after buying an additional 1,177 shares in the last quarter. Cetera Trust Company N.A bought a new stake in shares of Addus HomeCare in the fourth quarter valued at approximately $219,000. First Eagle Investment Management LLC grew its position in Addus HomeCare by 61.6% during the third quarter. First Eagle Investment Management LLC now owns 46,239 shares of the company’s stock worth $3,939,000 after buying an additional 17,630 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Addus HomeCare by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,218,564 shares of the company’s stock worth $103,809,000 after acquiring an additional 57,040 shares during the period. 95.35% of the stock is owned by institutional investors.

Addus HomeCare Trading Up 0.7 %

Shares of NASDAQ:ADUS opened at $111.73 on Friday. Addus HomeCare has a 12-month low of $78.35 and a 12-month high of $112.91. The business has a 50 day moving average of $102.81 and a 200-day moving average of $95.78. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.83 billion, a PE ratio of 27.72, a P/E/G ratio of 2.12 and a beta of 0.96.

Addus HomeCare (NASDAQ:ADUSGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Addus HomeCare had a return on equity of 10.03% and a net margin of 6.04%. The firm had revenue of $280.70 million for the quarter, compared to analyst estimates of $279.49 million. During the same period in the prior year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Addus HomeCare will post 4.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America boosted their price objective on Addus HomeCare from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Oppenheimer restated an “outperform” rating and issued a $118.00 price objective on shares of Addus HomeCare in a report on Tuesday, March 26th. StockNews.com lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Addus HomeCare in a research note on Tuesday, May 7th. Finally, TD Cowen lifted their price objective on Addus HomeCare from $105.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.57.

View Our Latest Stock Report on ADUS

Addus HomeCare Company Profile

(Get Free Report)

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.

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