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

Addus HomeCare Corporation (NASDAQ:ADUS) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 929,786 shares, an increase of 20.1% from the January 15th total of 774,495 shares. Based on an average trading volume of 224,285 shares, the days-to-cover ratio is presently 4.1 days. Approximately 5.3% of the company’s stock are sold short. Approximately 5.3% of the company’s stock are sold short. Based on an average trading volume of 224,285 shares, the days-to-cover ratio is presently 4.1 days.

Wall Street Analyst Weigh In

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

Addus HomeCare Stock Performance

Shares of ADUS opened at $113.80 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.10 billion, a PE ratio of 24.37, a P/E/G ratio of 1.37 and a beta of 0.91. Addus HomeCare has a 12 month low of $88.96 and a 12 month high of $124.43. The stock has a fifty day moving average price of $109.78 and a 200-day moving average price of $112.99.

Insiders Place Their Bets

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the transaction, the executive vice president owned 44,144 shares of the company’s stock, valued at approximately $4,811,696. This trade represents a 31.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 20,316 shares of company stock valued at $2,215,998 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Addus HomeCare

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors grew its position in Addus HomeCare by 22.3% during the 4th quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock worth $157,837,000 after purchasing an additional 268,192 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Addus HomeCare by 114.1% during the third quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock worth $46,974,000 after buying an additional 212,192 shares during the period. Leeward Investments LLC MA purchased a new stake in shares of Addus HomeCare during the second quarter valued at $9,152,000. 8 Knots Management LLC acquired a new position in shares of Addus HomeCare in the 3rd quarter valued at $6,075,000. Finally, TimesSquare Capital Management LLC raised its stake in Addus HomeCare by 13.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 394,047 shares of the company’s stock worth $45,390,000 after acquiring an additional 48,207 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

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.