Insider Selling: Addus HomeCare (NASDAQ:ADUS) EVP Sells $248,360.00 in Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP Cliff Donald Blessing sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $124.18, for a total value of $248,360.00. Following the sale, the executive vice president owned 10,183 shares in the company, valued at $1,264,524.94. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Cliff Donald Blessing also recently made the following trade(s):

• On Tuesday, November 10th, Cliff Donald Blessing sold 3,499 shares of Addus HomeCare stock. The shares were sold at an average price of $123.91, for a total value of $433,561.09.

Addus HomeCare Price Performance

Shares of Addus HomeCare stock opened at $123.72 on Friday. The firm has a market cap of $2.30 billion, a PE ratio of 20.62, a P/E/G ratio of 1.65 and a beta of 0.75. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $131.59. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $118.30 and a 200 day moving average price of $107.17.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The company had revenue of $387.74 million for the quarter, compared to the consensus estimate of $388.72 million. Addus HomeCare had a return on equity of 10.22% and a net margin of 7.39%. Addus HomeCare’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 earnings per share. Sell-side analysts predict that Addus HomeCare Corporation will post 6.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Addus HomeCare in the 2nd quarter valued at about $344,153,000. Bank of America Corp DE acquired a new stake in Addus HomeCare in the 2nd quarter worth about $35,527,000. TimesSquare Capital Management LLC purchased a new stake in Addus HomeCare during the 2nd quarter worth approximately $31,502,000. Punch & Associates Investment Management Inc. purchased a new stake in Addus HomeCare during the 2nd quarter worth approximately $20,911,000. Finally, William Blair Investment Management LLC purchased a new stake in Addus HomeCare during the 2nd quarter worth approximately $17,703,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADUS. Royal Bank Of Canada upped their target price on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 7th. Raymond James Financial set a $137.00 price target on shares of Addus HomeCare in a research note on Monday, September 28th. UBS Group lifted their price target on shares of Addus HomeCare from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Finally, Barclays boosted their price target on shares of Addus HomeCare from $96.00 to $101.00 and gave the stock an “underweight” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Addus HomeCare presently has an average rating of “Moderate Buy” and an average target price of $136.33.

Addus HomeCare Company Profile

Addus HomeCare Corporation provides home-based care services to older adults and people with disabilities. Its services are designed to help clients receive care at home and in other community-based settings. The company operates through personal care, hospice and home health services. Personal care includes assistance with daily activities; hospice provides end-of-life care and support; and home health offers skilled nursing and therapy services. Founded in 1979, Addus serves communities across multiple states.