Addus HomeCare (NASDAQ:ADUS) Stock Price Down 7.9%


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Shares of Addus HomeCare Co. (NASDAQ:ADUS) dropped 7.9% on Tuesday . The company traded as low as $96.22 and last traded at $96.75. Approximately 2,183 shares were traded during trading, a decline of 98% from the average daily volume of 87,522 shares. The stock had previously closed at $105.07.

Separately, Zacks Investment Research downgraded shares of Addus HomeCare from a “hold” rating to a “sell” rating in a research note on Monday.

The firm has a 50 day simple moving average of $107.10 and a 200 day simple moving average of $109.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.19.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Sunday, May 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. Addus HomeCare had a net margin of 4.65% and a return on equity of 8.90%. The company had revenue of $205.30 million for the quarter, compared to the consensus estimate of $209.70 million. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Addus HomeCare Co. will post 2.74 earnings per share for the current year.

In other Addus HomeCare news, CEO R Dirk Allison sold 5,539 shares of the company’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $102.09, for a total value of $565,476.51. Also, EVP Laurie Manning sold 1,035 shares of the stock in a transaction that occurred on Wednesday, March 3rd. The shares were sold at an average price of $102.00, for a total transaction of $105,570.00. Insiders have sold a total of 11,888 shares of company stock worth $1,223,430 over the last 90 days. Insiders own 6.90% of the company’s stock.

Several large investors have recently modified their holdings of ADUS. BlackRock Inc. increased its holdings in Addus HomeCare by 6.5% in the 4th quarter. BlackRock Inc. now owns 2,345,191 shares of the company’s stock valued at $274,596,000 after acquiring an additional 142,291 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Addus HomeCare by 3.5% in the fourth quarter. Northern Trust Corp now owns 235,831 shares of the company’s stock worth $27,613,000 after purchasing an additional 7,984 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of Addus HomeCare by 3.3% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 215,036 shares of the company’s stock worth $25,179,000 after buying an additional 6,894 shares in the last quarter. WCM Investment Management LLC boosted its stake in Addus HomeCare by 1.8% during the fourth quarter. WCM Investment Management LLC now owns 205,094 shares of the company’s stock valued at $24,014,000 after buying an additional 3,647 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in Addus HomeCare by 34.1% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 127,819 shares of the company’s stock valued at $14,966,000 after buying an additional 32,502 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

About Addus HomeCare (NASDAQ:ADUS)

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. It operates through three segments: Personal Care, Hospice, and Home Health.

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