Addus HomeCare Co. (NASDAQ:ADUS) Short Interest Update

Addus HomeCare Co. (NASDAQ:ADUS) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 501,300 shares, a drop of 7.9% from the January 15th total of 544,200 shares. Based on an average daily trading volume, of 148,000 shares, the short-interest ratio is presently 3.4 days.

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $113.64 on Wednesday. The firm has a market cap of $2.06 billion, a P/E ratio of 26.00, a P/E/G ratio of 1.55 and a beta of 1.00. Addus HomeCare has a 52 week low of $85.94 and a 52 week high of $136.72. The firm’s fifty day moving average is $125.70 and its 200-day moving average is $127.01.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $136.00 price objective on shares of Addus HomeCare in a research report on Thursday, November 14th. JMP Securities assumed coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 target price for the company. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. Macquarie reissued an “outperform” rating and set a $139.00 target price on shares of Addus HomeCare in a report on Monday, November 4th. Finally, Oppenheimer boosted their target price on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $134.22.

Insider Buying and Selling at Addus HomeCare

In related news, EVP Roberton James Stevenson sold 2,250 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the sale, the executive vice president now directly owns 10,217 shares in the company, valued at $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer now owns 141,897 shares in the company, valued at approximately $17,476,034.52. The trade was a 8.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,750 shares of company stock worth $4,930,750. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADUS. Capital Research Global Investors bought a new position in Addus HomeCare during the fourth quarter worth $51,149,000. American Century Companies Inc. boosted its stake in Addus HomeCare by 695.8% during the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock worth $35,643,000 after acquiring an additional 248,613 shares in the last quarter. Bank of America Corp DE raised its holdings in Addus HomeCare by 273.6% during the fourth quarter. Bank of America Corp DE now owns 175,070 shares of the company’s stock worth $21,945,000 after buying an additional 128,211 shares during the last quarter. Wasatch Advisors LP raised its holdings in Addus HomeCare by 11.8% during the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock worth $138,782,000 after buying an additional 110,010 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in Addus HomeCare by 28.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after buying an additional 78,835 shares during the last quarter. 95.35% of the stock is owned by institutional investors.

Addus HomeCare Company Profile

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.