Addus Homecare (ADUS) Upgraded to Hold at BidaskClub

Addus Homecare (NASDAQ:ADUS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research raised shares of Addus Homecare from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Addus Homecare presently has a consensus rating of “Hold” and an average price target of $41.33.

Addus Homecare (NASDAQ ADUS) opened at $36.70 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.68 and a quick ratio of 2.68. Addus Homecare has a 1-year low of $29.90 and a 1-year high of $40.75. The company has a market cap of $416.99, a PE ratio of 24.22, a P/E/G ratio of 1.58 and a beta of 0.06.

In related news, CEO R Dirk Allison sold 749 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $38.85, for a total value of $29,098.65. Following the completion of the transaction, the chief executive officer now owns 33,120 shares of the company’s stock, valued at approximately $1,286,712. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider W Bradley Bickham sold 822 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $37.40, for a total transaction of $30,742.80. Following the completion of the transaction, the insider now directly owns 9,178 shares of the company’s stock, valued at approximately $343,257.20. The disclosure for this sale can be found here. 35.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADUS. Wells Fargo & Company MN lifted its stake in Addus Homecare by 12.3% in the second quarter. Wells Fargo & Company MN now owns 54,035 shares of the company’s stock worth $2,010,000 after purchasing an additional 5,923 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Addus Homecare by 28.4% in the second quarter. TIAA CREF Investment Management LLC now owns 28,090 shares of the company’s stock worth $1,045,000 after purchasing an additional 6,215 shares during the last quarter. Northern Trust Corp lifted its stake in Addus Homecare by 4.4% in the second quarter. Northern Trust Corp now owns 139,906 shares of the company’s stock worth $5,204,000 after purchasing an additional 5,929 shares during the last quarter. Vanguard Group Inc. lifted its stake in Addus Homecare by 6.6% in the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after purchasing an additional 20,858 shares during the last quarter. Finally, FMR LLC lifted its stake in Addus Homecare by 0.4% in the second quarter. FMR LLC now owns 707,448 shares of the company’s stock worth $26,317,000 after purchasing an additional 3,138 shares during the last quarter. 92.55% of the stock is owned by institutional investors and hedge funds.

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Addus Homecare Company Profile

Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.

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