Short Interest in Addus HomeCare Corporation (NASDAQ:ADUS) Increases By 20.1%

Addus HomeCare Corporation (NASDAQ:ADUS) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 929,786 shares, a growth of 20.1% from the January 15th total of 774,495 shares. Currently, 5.3% of the shares of the company are sold short. Based on an average daily volume of 224,285 shares, the short-interest ratio is currently 4.1 days. Based on an average daily volume of 224,285 shares, the short-interest ratio is currently 4.1 days. Currently, 5.3% of the shares of the company are sold short.

Analysts Set New Price Targets

Several analysts have commented on ADUS shares. Wall Street Zen cut shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Sunday. TD Cowen reissued a “buy” rating on shares of Addus HomeCare in a report on Wednesday, November 5th. Barclays upped their price target on shares of Addus HomeCare from $111.00 to $117.00 and gave the company an “underweight” rating in a report on Tuesday, November 4th. BMO Capital Markets started coverage on Addus HomeCare in a research report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price target on the stock. Finally, Truist Financial set a $135.00 price objective on Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.44.

Insider Activity

In related news, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the completion of the sale, the executive vice president owned 44,144 shares of the company’s stock, valued at $4,811,696. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 20,316 shares of company stock valued at $2,215,998 in the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Addus HomeCare

A number of institutional investors have recently modified their holdings of the business. Verition Fund Management LLC raised its holdings in Addus HomeCare by 13.6% in the 4th quarter. Verition Fund Management LLC now owns 8,651 shares of the company’s stock worth $929,000 after purchasing an additional 1,037 shares during the period. Panagora Asset Management Inc. increased its position in shares of Addus HomeCare by 2.0% in the fourth quarter. Panagora Asset Management Inc. now owns 8,841 shares of the company’s stock valued at $949,000 after buying an additional 170 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Addus HomeCare in the fourth quarter valued at approximately $1,522,000. Kennedy Capital Management LLC raised its stake in shares of Addus HomeCare by 11.0% during the 4th quarter. Kennedy Capital Management LLC now owns 218,341 shares of the company’s stock worth $23,448,000 after buying an additional 21,716 shares during the period. Finally, Arax Advisory Partners lifted its position in shares of Addus HomeCare by 95.8% during the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock valued at $30,000 after buying an additional 137 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Addus HomeCare Stock Performance

ADUS opened at $113.80 on Tuesday. The firm has a fifty day moving average price of $109.78 and a 200 day moving average price of $112.99. Addus HomeCare has a 1 year low of $88.96 and a 1 year high of $124.43. The stock has a market cap of $2.10 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.