Addus HomeCare Co. (NASDAQ:ADUS) EVP Michael D. Wattenbarger Sells 244 Shares

Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) EVP Michael D. Wattenbarger sold 244 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $106.76, for a total transaction of $26,049.44. Following the sale, the executive vice president now directly owns 7,755 shares in the company, valued at approximately $827,923.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Addus HomeCare Stock Down 3.3 %

ADUS stock opened at $103.63 on Tuesday. The firm’s fifty day simple moving average is $105.09 and its 200-day simple moving average is $102.13. The company has a market capitalization of $1.67 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.70. Addus HomeCare Co. has a 12 month low of $73.65 and a 12 month high of $114.99.

Institutional Trading of Addus HomeCare

Several large investors have recently made changes to their positions in ADUS. Lisanti Capital Growth LLC purchased a new stake in Addus HomeCare during the third quarter worth $3,554,000. Inspire Investing LLC purchased a new stake in Addus HomeCare during the third quarter worth $209,000. First National Bank of Omaha boosted its holdings in Addus HomeCare by 102.6% during the third quarter. First National Bank of Omaha now owns 5,380 shares of the company’s stock worth $512,000 after buying an additional 2,724 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Addus HomeCare by 62.7% during the second quarter. Shell Asset Management Co. now owns 4,434 shares of the company’s stock worth $369,000 after buying an additional 1,709 shares in the last quarter. Finally, Ziegler Capital Management LLC boosted its holdings in Addus HomeCare by 12.3% during the third quarter. Ziegler Capital Management LLC now owns 101,653 shares of the company’s stock worth $9,681,000 after buying an additional 11,118 shares in the last quarter. 97.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADUS. StockNews.com downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 28th. Royal Bank of Canada upped their price objective on shares of Addus HomeCare from $121.00 to $123.00 and gave the company an “outperform” rating in a report on Monday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Addus HomeCare has an average rating of “Buy” and an average target price of $113.00.

About Addus HomeCare

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Addus HomeCare Corp. engages in the provision of in-home personal care services. It operates through the following segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled.