Short Interest in Addus HomeCare Co. (NASDAQ:ADUS) Decreases By 9.9%

Addus HomeCare Co. (NASDAQ:ADUS) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 354,100 shares, a decline of 9.9% from the March 15th total of 393,100 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 113,700 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Trading of Addus HomeCare

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bridge City Capital LLC increased its position in shares of Addus HomeCare by 46.4% during the first quarter. Bridge City Capital LLC now owns 30,999 shares of the company’s stock valued at $3,203,000 after purchasing an additional 9,819 shares during the period. GAMMA Investing LLC increased its position in shares of Addus HomeCare by 40.8% during the first quarter. GAMMA Investing LLC now owns 556 shares of the company’s stock valued at $57,000 after purchasing an additional 161 shares during the period. Vanguard Group Inc. increased its position in shares of Addus HomeCare by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 1,257,440 shares of the company’s stock valued at $116,753,000 after purchasing an additional 38,876 shares during the period. Wellington Management Group LLP increased its position in shares of Addus HomeCare by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 798,435 shares of the company’s stock valued at $74,135,000 after purchasing an additional 9,548 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Addus HomeCare during the fourth quarter valued at approximately $322,000. 95.35% of the stock is currently owned by institutional investors.

Addus HomeCare Stock Performance

Shares of NASDAQ ADUS opened at $96.99 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $97.24 and its two-hundred day moving average is $91.13. The company has a market cap of $1.57 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.93 and a beta of 0.95. Addus HomeCare has a 12 month low of $77.30 and a 12 month high of $114.97.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, February 26th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. The company had revenue of $276.35 million for the quarter, compared to the consensus estimate of $274.02 million. Addus HomeCare had a return on equity of 9.70% and a net margin of 5.91%. On average, equities analysts expect that Addus HomeCare will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

ADUS has been the subject of several analyst reports. William Blair restated an “outperform” rating on shares of Addus HomeCare in a report on Monday, February 5th. Oppenheimer restated an “outperform” rating and issued a $118.00 target price on shares of Addus HomeCare in a report on Tuesday, March 26th. Barclays initiated coverage on Addus HomeCare in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $88.00 target price for the company. TheStreet upgraded Addus HomeCare from a “c+” rating to a “b-” rating in a report on Friday, December 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $102.00 target price on shares of Addus HomeCare in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

Addus HomeCare Company Profile

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