Addus HomeCare Corporation (ADUS) Insider James Zoccoli Sells 689 Shares
Addus HomeCare Corporation (NASDAQ:ADUS) insider James Zoccoli sold 689 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $35.65, for a total value of $24,562.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Addus HomeCare Corporation (NASDAQ:ADUS) traded up 0.72% during trading on Wednesday, reaching $35.10. The company’s stock had a trading volume of 21,550 shares. Addus HomeCare Corporation has a 52-week low of $24.40 and a 52-week high of $40.75. The stock has a market cap of $402.60 million, a price-to-earnings ratio of 25.05 and a beta of 0.21. The firm has a 50 day moving average price of $34.36 and a 200-day moving average price of $35.44.
Addus HomeCare Corporation (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Addus HomeCare Corporation had a return on equity of 10.47% and a net margin of 3.94%. The firm had revenue of $103.60 million for the quarter, compared to analyst estimates of $104.39 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Addus HomeCare Corporation will post $1.60 earnings per share for the current year.
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ADUS has been the topic of several analyst reports. Zacks Investment Research raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 17th. ValuEngine raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $45.00 target price on shares of Addus HomeCare Corporation in a research note on Tuesday, September 19th. Robert W. Baird reissued a “hold” rating and issued a $40.00 target price on shares of Addus HomeCare Corporation in a research note on Thursday, August 24th. Finally, BidaskClub lowered Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Addus HomeCare Corporation currently has an average rating of “Hold” and a consensus price target of $41.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADUS. American International Group Inc. grew its position in shares of Addus HomeCare Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 4,548 shares of the company’s stock valued at $146,000 after buying an additional 299 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Addus HomeCare Corporation in the 2nd quarter valued at about $201,000. Nordea Investment Management AB bought a new stake in shares of Addus HomeCare Corporation in the 2nd quarter valued at about $201,000. Eqis Capital Management Inc. bought a new stake in shares of Addus HomeCare Corporation in the 3rd quarter valued at about $218,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Addus HomeCare Corporation in the 1st quarter valued at about $238,000. Hedge funds and other institutional investors own 93.18% 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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