Addus HomeCare (NASDAQ:ADUS) Director Esteban Lopez Sells 150 Shares of Stock

Addus HomeCare Corporation (NASDAQ:ADUS) Director Esteban Lopez sold 150 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $115.18, for a total transaction of $17,277.00. Following the sale, the director directly owned 3,700 shares of the company’s stock, valued at approximately $426,166. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Esteban Lopez also recently made the following trade(s):

• On Friday, December 5th, Esteban Lopez sold 166 shares of Addus HomeCare stock. The stock was sold at an average price of $112.78, for a total transaction of $18,721.48.

Addus HomeCare Stock Down 1.4%

ADUS stock opened at $113.49 on Wednesday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The company has a 50-day moving average of $115.87 and a two-hundred day moving average of $113.84. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $136.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.03. Addus HomeCare had a return on equity of 9.53% and a net margin of 6.36%.The business had revenue of $362.30 million for the quarter, compared to analyst estimates of $354.48 million. During the same period in the previous year, the company posted $1.30 earnings per share. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, equities research analysts anticipate that Addus HomeCare Corporation will post 4.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank Of Canada lifted their price target on Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. BMO Capital Markets assumed coverage on shares of Addus HomeCare in a research note on Thursday, November 13th. They set a “market perform” rating and a $120.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, October 8th. UBS Group began coverage on shares of Addus HomeCare in a report on Tuesday, September 2nd. They set a “buy” rating and a $145.00 price objective on the stock. Finally, Cowen reiterated a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.11.

Hedge Funds Weigh In On Addus HomeCare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Addus HomeCare by 10.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 55,900 shares of the company’s stock valued at $6,439,000 after purchasing an additional 5,110 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Addus HomeCare by 0.3% during the second quarter. Nordea Investment Management AB now owns 36,159 shares of the company’s stock worth $4,131,000 after buying an additional 111 shares in the last quarter. Creative Planning raised its stake in shares of Addus HomeCare by 150.9% in the second quarter. Creative Planning now owns 7,024 shares of the company’s stock valued at $809,000 after acquiring an additional 4,224 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Addus HomeCare by 1.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 5,335 shares of the company’s stock worth $615,000 after acquiring an additional 101 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Addus HomeCare by 25.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 101,705 shares of the company’s stock worth $11,715,000 after acquiring an additional 20,479 shares during the last quarter. 95.35% of the stock is owned by institutional investors.

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.