Price Action to Note: It Seems Addus Homecare Corporation Will Go Up. Just Reaches 52-Week High

Price Action to Note: It Seems Addus Homecare Corporation Will Go Up. Just Reaches 52 Week High

The stock of Addus Homecare Corporation (NASDAQ:ADUS) hit a new 52-week high and has $65.33 target or 93.00% above today’s $33.85 share price. The 9 months bullish chart indicates low risk for the $414.23M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $65.33 price target is reached, the company will be worth $385.23 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,094 shares traded hands. Addus Homecare Corporation (NASDAQ:ADUS) has risen 68.57% since April 19, 2016 and is uptrending. It has outperformed by 64.71% the S&P500.

According to Zacks Investment Research, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing.”

Insitutional Activity: The institutional sentiment increased to 2.1 in 2016 Q2. Its up 0.80, from 1.3 in 2016Q1. The ratio increased, as 16 funds sold all Addus Homecare Corporation shares owned while 14 reduced positions. 7 funds bought stakes while 32 increased positions. They now own 10.00 million shares or 3.59% less from 10.37 million shares in 2016Q1.
The New York-based D E Shaw has invested 0% in Addus Homecare Corporation (NASDAQ:ADUS). Prudential Inc last reported 23,616 shares in the company. Comerica Bancshares, a Michigan-based fund reported 108,442 shares. Strs Ohio accumulated 6,200 shares or 0% of the stock. Nationwide Fund Advsr accumulated 5,322 shares or 0% of the stock. Citigroup has invested 0% of its portfolio in Addus Homecare Corporation (NASDAQ:ADUS). Deutsche Bank Ag holds 0% or 6,547 shares in its portfolio. The California-based California State Teachers Retirement Systems has invested 0% in Addus Homecare Corporation (NASDAQ:ADUS). Wcm Inv Management Ca reported 203,347 shares or 0.06% of all its holdings. National Bank Of America Corp De owns 211 shares or 0% of their US portfolio. Dimensional Fund L P owns 712,165 shares or 0.01% of their US portfolio. Credit Suisse Ag reported 14,960 shares or 0% of all its holdings. Us Natl Bank De, a Minnesota-based fund reported 6,099 shares. Vanguard Group Inc Inc has invested 0% of its portfolio in Addus Homecare Corporation (NASDAQ:ADUS). Moreover, Schwab Charles Investment Mgmt has 0% invested in Addus Homecare Corporation (NASDAQ:ADUS) for 12,500 shares.

More notable recent Addus Homecare Corporation (NASDAQ:ADUS) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on December 21, 2009, also Prnewswire.com with their article: “Addus HomeCare Names Susan T. Weaver, M.D. And Darin J. Gordon To Board Of …” published on October 19, 2016, Quotes.Wsj.com published: “News Addus HomeCare Corp.ADUS” on February 11, 2011. More interesting news about Addus Homecare Corporation (NASDAQ:ADUS) were released by: Prnewswire.com and their article: “Addus HomeCare Completes Acquisition Of South Shore Home Health Services In …” published on February 08, 2016 as well as Prnewswire.com‘s news article titled: “Addus HomeCare Names Dirk Allison As New President And Chief Executive Officer …” with publication date: January 18, 2016.

ADUS Company Profile

Addus HomeCare Corporation, incorporated on July 27, 2006, is a well-known provider of home and community personal care services, which are provided primarily in the home, and is focused on the dual eligible (Medicare/Medicaid) population. The Firm provides home- and community services to over 32,000 clients through approximately 120 locations across over 20 states of the United States, including five adult day centers in Illinois. The Company’s services include non-medical care, such as personal care, home support services and adult day care. The Firm provides these services on a long-term, continuous basis, with an average duration of over 20 months per consumer. The Company’s adult day centers provide a program of skilled and support services and designated medical services for adults in a community group setting.

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