Key Points
- Cliff Donald Blessing, EVP of Addus HomeCare, sold 178 shares on April 21 at an average price of $93.61 for $16,662.58, leaving him with 12,183 shares valued at about $1.14 million (a 1.44% reduction in his holdings).
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan and follows two recent February disposals (177 shares on Feb 25 and 350 shares on Feb 24), indicating multiple insider sales in the period.
- Addus stock opened at $94.77 with a market cap of about $1.77 billion; analysts' consensus is a Moderate Buy with an average price target of $133.22.
Addus HomeCare Corporation (NASDAQ:ADUS - Get Free Report) EVP Cliff Donald Blessing sold 178 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $93.61, for a total value of $16,662.58. Following the transaction, the executive vice president owned 12,183 shares in the company, valued at $1,140,450.63. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cliff Donald Blessing also recently made the following trade(s):
- On Wednesday, February 25th, Cliff Donald Blessing sold 177 shares of Addus HomeCare stock. The stock was sold at an average price of $105.36, for a total value of $18,648.72.
- On Tuesday, February 24th, Cliff Donald Blessing sold 350 shares of Addus HomeCare stock. The stock was sold at an average price of $107.14, for a total value of $37,499.00.
Addus HomeCare Stock Performance
Addus HomeCare stock opened at $94.77 on Thursday. The stock's 50-day moving average is $100.78 and its 200-day moving average is $108.53. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.80 and a quick ratio of 1.80. Addus HomeCare Corporation has a 12 month low of $90.89 and a 12 month high of $124.43.
Analyst Ratings Changes
A number of research firms have recently issued reports on ADUS. Stephens lowered their target price on Addus HomeCare from $140.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Barclays decreased their target price on Addus HomeCare from $112.00 to $102.00 and set an "underweight" rating for the company in a research report on Wednesday, March 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $139.00 target price on shares of Addus HomeCare in a research report on Wednesday, February 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Addus HomeCare in a report on Wednesday, January 21st. Finally, KeyCorp reissued an "overweight" rating on shares of Addus HomeCare in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $133.22.
Check Out Our Latest Stock Analysis on ADUS
Hedge Funds Weigh In On Addus HomeCare
Several hedge funds have recently modified their holdings of ADUS. Janney Montgomery Scott LLC grew its holdings in shares of Addus HomeCare by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,254 shares of the company's stock worth $1,148,000 after acquiring an additional 132 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Addus HomeCare during the first quarter valued at $759,000. Leeward Investments LLC MA grew its holdings in shares of Addus HomeCare by 9.4% during the first quarter. Leeward Investments LLC MA now owns 120,857 shares of the company's stock valued at $11,318,000 after buying an additional 10,414 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Addus HomeCare by 176.0% during the first quarter. SG Americas Securities LLC now owns 27,303 shares of the company's stock valued at $2,557,000 after buying an additional 17,411 shares in the last quarter. Finally, Evolve Private Wealth LLC boosted its position in Addus HomeCare by 4.9% during the first quarter. Evolve Private Wealth LLC now owns 5,871 shares of the company's stock valued at $550,000 after purchasing an additional 273 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.
Addus HomeCare Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
