Addus HomeCare Corporation (ADUS) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

June 24, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.02 in 2018 Q1. Its up 0.12, from 0.9 in 2017Q4. It improved, as 11 investors sold Addus HomeCare Corporation shares while 32 reduced holdings. 24 funds opened positions while 20 raised stakes. 10.36 million shares or 0.34% less from 10.40 million shares in 2017Q4 were reported.
320,484 were reported by Wcm Investment Ca. Connors Investor has 4,804 shares for 0.03% of their portfolio. Cortina Asset Mngmt Limited Liability Co has invested 0.92% in Addus HomeCare Corporation (NASDAQ:ADUS). Metropolitan Life Ins Ny reported 2,982 shares. Monarch Ptnrs Asset Mngmt Ltd Limited Liability Company has 8,690 shares for 0.04% of their portfolio. Millennium Management Ltd Llc has 11,418 shares. Prelude Mgmt Ltd Limited Liability Company holds 100 shares or 0% of its portfolio. Strs Ohio invested in 0% or 16,600 shares. Wedge Cap Management L Limited Partnership Nc stated it has 25,848 shares or 0.01% of all its holdings. California State Teachers Retirement Sys accumulated 0% or 11,394 shares. Barclays Public Ltd Com has invested 0% in Addus HomeCare Corporation (NASDAQ:ADUS). Punch & Associate Investment invested in 1.22% or 283,390 shares. Thomson Horstmann & Bryant has 0.92% invested in Addus HomeCare Corporation (NASDAQ:ADUS). Denali Advisors Limited Liability Corp reported 66 shares. 20,286 were accumulated by Cambridge Investment Rech Advsrs.

Since January 17, 2018, it had 0 insider buys, and 11 insider sales for $315,562 activity. The insider POFF BRIAN sold 1,240 shares worth $42,234. The insider BICKHAM W BRADLEY sold $30,743. Anderson Darby also sold $17,895 worth of Addus HomeCare Corporation (NASDAQ:ADUS) on Friday, March 2. 911 Addus HomeCare Corporation (NASDAQ:ADUS) shares with value of $31,010 were sold by ALLISON R DIRK.

The stock of Addus HomeCare Corporation (NASDAQ:ADUS) hit a new 52-week high and has $62.61 target or 4.00 % above today’s $60.20 share price. The 9 months bullish chart indicates low risk for the $695.20M company. The 1-year high was reported on Jun, 24 by Barchart.com. If the $62.61 price target is reached, the company will be worth $27.81 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.

The stock increased 2.03% or $1.2 during the last trading session, reaching $60.2. About 123,789 shares traded or 60.43% up from the average. Addus HomeCare Corporation (NASDAQ:ADUS) has risen 49.01% since June 24, 2017 and is uptrending. It has outperformed by 36.44% the S&P500.

Analysts await Addus HomeCare Corporation (NASDAQ:ADUS) to report earnings on August, 6. They expect $0.46 EPS, up 35.29 % or $0.12 from last year’s $0.34 per share. ADUS’s profit will be $5.31 million for 32.72 P/E if the $0.46 EPS becomes a reality. After $0.36 actual EPS reported by Addus HomeCare Corporation for the previous quarter, Wall Street now forecasts 27.78 % EPS growth.

Addus HomeCare Corporation (NASDAQ:ADUS) Ratings Coverage

Among 2 analysts covering Addus Homecare Corp (NASDAQ:ADUS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Addus Homecare Corp has $5600 highest and $43.0 lowest target. $49.50’s average target is -17.77% below currents $60.2 stock price. Addus Homecare Corp had 2 analyst reports since March 13, 2018 according to SRatingsIntel. Stephens maintained it with “Buy” rating and $5600 target in Monday, April 2 report. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, March 13.

More news for Addus HomeCare Corporation (NASDAQ:ADUS) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Sapiens International Corporation NV, pdvWireless, CenterState Bank …” on June 06, 2018. Investorplace.com‘s article titled: “4 Value Stocks for Growth Investors to Enrich Portfolios” and published on June 12, 2018 is yet another important article.

Addus HomeCare Corporation provides personal care services to older adults and younger disabled persons in the United States. The company has market cap of $695.20 million. The company's personal care services offer adult day care and assistance with activities of daily living. It has a 49.18 P/E ratio. The Company’s services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.

Addus HomeCare Corporation (NASDAQ:ADUS) Institutional Positions Chart

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