Addus HomeCare (NASDAQ:ADUS) Given "Outperform" Rating at Macquarie

Macquarie restated their outperform rating on shares of Addus HomeCare (NASDAQ:ADUS - Free Report) in a research note released on Thursday,Benzinga reports. The firm currently has a $129.00 price target on the stock.

ADUS has been the subject of a number of other reports. Oppenheimer raised their price objective on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. StockNews.com lowered Addus HomeCare from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Citizens Jmp upgraded Addus HomeCare to a "strong-buy" rating in a research report on Monday, December 16th. Stephens lowered their price objective on shares of Addus HomeCare from $153.00 to $142.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, JMP Securities initiated coverage on Addus HomeCare in a research report on Monday, December 16th. They set an "outperform" rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.78.

Addus HomeCare Stock Down 0.8 %

Addus HomeCare stock traded down $0.78 during midday trading on Thursday, reaching $94.99. The stock had a trading volume of 207,120 shares, compared to its average volume of 142,742. The firm has a market capitalization of $1.73 billion, a PE ratio of 21.74, a P/E/G ratio of 1.41 and a beta of 1.00. Addus HomeCare has a 12 month low of $87.88 and a 12 month high of $136.72. The firm's 50-day moving average price is $121.89 and its 200 day moving average price is $125.84.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.09). Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business had revenue of $297.14 million during the quarter, compared to analysts' expectations of $291.04 million. Equities research analysts expect that Addus HomeCare will post 4.59 EPS for the current year.

Insider Activity

In related news, EVP Roberton James Stevenson sold 2,250 shares of Addus HomeCare stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the transaction, the executive vice president now directly owns 10,217 shares of the company's stock, valued at $1,236,257. The trade was a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO R Dirk Allison sold 25,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 79,397 shares of the company's stock, valued at $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its position in shares of Addus HomeCare by 11.8% in the 3rd 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. Dimensional Fund Advisors LP increased its position in Addus HomeCare by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 692,713 shares of the company's stock valued at $86,833,000 after purchasing an additional 10,434 shares during the period. State Street Corp raised its holdings in Addus HomeCare by 4.4% in the 3rd quarter. State Street Corp now owns 663,610 shares of the company's stock worth $88,280,000 after purchasing an additional 27,990 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Addus HomeCare by 17.5% in the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock worth $67,293,000 after purchasing an additional 75,409 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of Addus HomeCare by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 498,279 shares of the company's stock worth $65,250,000 after purchasing an additional 13,938 shares during the period. 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.