Addus HomeCare (NASDAQ:ADUS) Sets New 52-Week High – Time to Buy?

Shares of Addus HomeCare Co. (NASDAQ:ADUS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $161.77 and last traded at $161.77, with a volume of 865 shares trading hands. The stock had previously closed at $125.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Macquarie restated an “outperform” rating and issued a $139.00 target price on shares of Addus HomeCare in a research note on Monday, November 4th. StockNews.com upgraded Addus HomeCare from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Stephens lifted their price target on shares of Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. JMP Securities started coverage on shares of Addus HomeCare in a report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, KeyCorp started coverage on shares of Addus HomeCare in a report on Friday, October 11th. They issued an “overweight” rating and a $150.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $133.67.

Addus HomeCare Price Performance

The stock has a market capitalization of $2.26 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.11 and a beta of 1.00. The firm’s 50 day moving average price is $125.02 and its 200 day moving average price is $126.08.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities research analysts forecast that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Insider Buying and Selling

In other Addus HomeCare news, EVP Roberton James Stevenson sold 2,250 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 10,217 shares of the company’s stock, valued at approximately $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Dirk Allison sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the transaction, the chief executive officer now directly owns 79,397 shares of the company’s stock, valued at $9,905,569.72. This represents a 23.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,750 shares of company stock valued at $4,930,750 over the last three months. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

A number of institutional investors and hedge funds have recently made changes to their positions in ADUS. Rhumbline Advisers increased its position in shares of Addus HomeCare by 0.6% during the second quarter. Rhumbline Advisers now owns 49,300 shares of the company’s stock valued at $5,724,000 after acquiring an additional 293 shares in the last quarter. TD Asset Management Inc increased its position in shares of Addus HomeCare by 45.2% during the second quarter. TD Asset Management Inc now owns 4,500 shares of the company’s stock valued at $522,000 after acquiring an additional 1,400 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Addus HomeCare by 136.5% during the 2nd quarter. Victory Capital Management Inc. now owns 80,047 shares of the company’s stock valued at $9,294,000 after acquiring an additional 46,199 shares during the period. Arizona State Retirement System grew its position in shares of Addus HomeCare by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 4,543 shares of the company’s stock valued at $527,000 after acquiring an additional 87 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Addus HomeCare during the 2nd quarter valued at $31,000. Institutional investors own 95.35% of the company’s stock.

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.