Short Interest in Addus HomeCare Corporation (NASDAQ:ADUS) Decreases By 18.8%

Addus HomeCare Corporation (NASDAQ:ADUS) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 933,071 shares, a decline of 18.8% from the February 12th total of 1,148,513 shares. Based on an average daily volume of 254,326 shares, the short-interest ratio is presently 3.7 days. Currently, 5.3% of the shares of the stock are sold short. Currently, 5.3% of the shares of the stock are sold short. Based on an average daily volume of 254,326 shares, the short-interest ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADUS. KeyCorp reiterated an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. Truist Financial set a $135.00 price objective on shares of Addus HomeCare and gave the company a “buy” rating in a report on Wednesday, January 7th. Barclays dropped their target price on shares of Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 24th. Finally, Wall Street Zen raised shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Addus HomeCare Price Performance

NASDAQ:ADUS opened at $101.35 on Friday. Addus HomeCare has a one year low of $88.96 and a one year high of $124.43. The stock has a market cap of $1.88 billion, a PE ratio of 19.45, a P/E/G ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a 50 day moving average price of $107.94 and a 200 day moving average price of $112.10.

Insider Transactions at Addus HomeCare

In related news, EVP Brian Poff sold 2,041 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total value of $218,346.18. Following the completion of the transaction, the executive vice president owned 64,512 shares of the company’s stock, valued at approximately $6,901,493.76. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darby Anderson sold 733 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total value of $78,416.34. Following the transaction, the executive vice president owned 46,642 shares in the company, valued at $4,989,761.16. This represents a 1.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,760 shares of company stock worth $1,786,247 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Addus HomeCare

A number of hedge funds and other institutional investors have recently modified their holdings of ADUS. TimesSquare Capital Management LLC grew its holdings in shares of Addus HomeCare by 6.2% in the third quarter. TimesSquare Capital Management LLC now owns 418,348 shares of the company’s stock valued at $49,361,000 after purchasing an additional 24,301 shares during the period. Russell Investments Group Ltd. raised its stake in Addus HomeCare by 10.1% during the second quarter. Russell Investments Group Ltd. now owns 55,900 shares of the company’s stock worth $6,439,000 after purchasing an additional 5,110 shares during the period. Public Sector Pension Investment Board raised its stake in Addus HomeCare by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 70,827 shares of the company’s stock worth $8,357,000 after purchasing an additional 8,893 shares during the period. Creative Planning boosted its holdings in Addus HomeCare by 150.9% in the 2nd quarter. Creative Planning now owns 7,024 shares of the company’s stock valued at $809,000 after purchasing an additional 4,224 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in Addus HomeCare by 114.1% in the 3rd quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after purchasing an additional 212,192 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Company Profile

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.