Addus HomeCare Corporation (NASDAQ:ADUS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “

Addus HomeCare Corporation (ADUS) traded up 0.53% during midday trading on Tuesday, reaching $38.25. The company had a trading volume of 22,752 shares. The firm has a market capitalization of $437.35 million, a P/E ratio of 27.05 and a beta of 0.25. The stock’s 50 day moving average price is $37.73 and its 200-day moving average price is $34.91. Addus HomeCare Corporation has a one year low of $18.01 and a one year high of $40.75.

Addus HomeCare Corporation (NASDAQ:ADUS) last released its quarterly earnings results on Monday, May 8th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $101.60 million for the quarter, compared to analysts’ expectations of $102.99 million. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.29%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities research analysts anticipate that Addus HomeCare Corporation will post $1.59 earnings per share for the current year.

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In other Addus HomeCare Corporation news, CFO Brian Poff sold 689 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $40.20, for a total value of $27,697.80. Following the transaction, the chief financial officer now directly owns 22,086 shares of the company’s stock, valued at approximately $887,857.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brenda A. Belger sold 6,250 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $38.58, for a total transaction of $241,125.00. Following the completion of the transaction, the insider now directly owns 17,331 shares in the company, valued at $668,629.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,628 shares of company stock worth $6,788,008. Insiders own 35.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ADUS. Russell Investments Group Ltd. acquired a new position in shares of Addus HomeCare Corporation during the fourth quarter worth about $130,000. State Street Corp raised its position in shares of Addus HomeCare Corporation by 15.7% in the fourth quarter. State Street Corp now owns 105,262 shares of the company’s stock worth $3,691,000 after buying an additional 14,287 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Addus HomeCare Corporation by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 781,406 shares of the company’s stock worth $27,388,000 after buying an additional 51,556 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Addus HomeCare Corporation during the fourth quarter worth about $1,590,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Addus HomeCare Corporation during the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

About Addus HomeCare Corporation

Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.

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