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 company’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 owns 141,897 shares of the company’s stock, valued at $17,476,034.52. This represents a 8.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Addus HomeCare Stock Performance

Addus HomeCare stock opened at $121.29 on Thursday. The company has a market capitalization of $2.20 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.04. Addus HomeCare Co. has a fifty-two week low of $85.43 and a fifty-two week high of $136.12. The firm has a 50 day moving average price of $127.91 and a 200 day moving average price of $123.51.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The business had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.42 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Addus HomeCare Co. will post 4.58 earnings per share for the current year.

Institutional Trading of Addus HomeCare

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of Addus HomeCare by 2.7% in the third quarter. Franklin Resources Inc. now owns 26,216 shares of the company’s stock valued at $3,456,000 after purchasing an additional 701 shares in the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of Addus HomeCare during the third quarter worth $299,000. Geode Capital Management LLC boosted its holdings in Addus HomeCare by 7.1% in the third quarter. Geode Capital Management LLC now owns 423,934 shares of the company’s stock valued at $56,406,000 after purchasing an additional 28,284 shares during the period. Barclays PLC boosted its holdings in Addus HomeCare by 204.8% in the third quarter. Barclays PLC now owns 43,470 shares of the company’s stock valued at $5,783,000 after purchasing an additional 29,207 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Addus HomeCare during the 3rd quarter worth $249,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. KeyCorp started coverage on shares of Addus HomeCare in a research note on Friday, October 11th. They set an “overweight” rating and a $150.00 target price for the company. Oppenheimer increased their target price on shares of Addus HomeCare from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Macquarie reissued an “outperform” rating and set a $139.00 price objective on shares of Addus HomeCare in a research note on Monday, November 4th. TD Cowen boosted their target price on shares of Addus HomeCare from $128.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $136.00 price target on shares of Addus HomeCare in a report on Thursday, November 14th. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.63.

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.