Addus Homecare (ADUS) Stock Rating Upgraded by BidaskClub

Addus Homecare (NASDAQ:ADUS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research upgraded Addus Homecare from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.33.

Shares of Addus Homecare (NASDAQ:ADUS) traded up $0.85 during trading on Thursday, hitting $36.70. The stock had a trading volume of 29,028 shares, compared to its average volume of 24,833. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market cap of $426.62, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.62 and a beta of 0.06. Addus Homecare has a fifty-two week low of $29.90 and a fifty-two week high of $40.75.

In other news, CEO R Dirk Allison sold 749 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $38.85, for a total transaction of $29,098.65. Following the sale, the chief executive officer now directly owns 33,120 shares in the company, valued at approximately $1,286,712. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider W Bradley Bickham sold 822 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $37.40, for a total value of $30,742.80. Following the sale, the insider now owns 9,178 shares in the company, valued at $343,257.20. The disclosure for this sale can be found here. 35.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Addus Homecare by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 887,121 shares of the company’s stock valued at $31,316,000 after acquiring an additional 19,823 shares during the period. FMR LLC increased its position in Addus Homecare by 0.4% in the 2nd quarter. FMR LLC now owns 707,448 shares of the company’s stock valued at $26,317,000 after acquiring an additional 3,138 shares during the period. Cortina Asset Management LLC increased its position in Addus Homecare by 12.6% in the 3rd quarter. Cortina Asset Management LLC now owns 609,003 shares of the company’s stock valued at $21,498,000 after acquiring an additional 68,010 shares during the period. BlackRock Inc. increased its position in Addus Homecare by 1.1% in the 4th quarter. BlackRock Inc. now owns 437,855 shares of the company’s stock valued at $15,238,000 after acquiring an additional 4,670 shares during the period. Finally, WCM Investment Management CA increased its position in Addus Homecare by 34.8% in the 4th quarter. WCM Investment Management CA now owns 396,440 shares of the company’s stock valued at $13,796,000 after acquiring an additional 102,388 shares during the period. Hedge funds and other institutional investors own 92.55% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/11/addus-homecare-adus-stock-rating-upgraded-by-bidaskclub.html.

About Addus Homecare

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.

Receive News & Ratings for Addus Homecare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus Homecare and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply