Trading was heavy with 74K shares changing hands on Wednesday. Overall, volume was up 197.23% over the stocks normal daily volume.
Traders are more bearish on the company if you evaluate the rise in short interest. The stock recorded a rise in short interest of 42.24% as of October 13, 2017 from the last reporting period. Short shares increased 55,654 over that timeframe. Days to cover increased from 6.0 to 9.0 and the percentage of shorted shares is 0.02% as of October 13.
Here is a rundown on some insider market activity for Addus Homecare Corpo (NASDAQ:ADUS). CIO James Zoccoli sold 689 shares at an average price of $35.65 on Mon the 9th. Zoccoli now owns $787,366 of stock per an SEC filing yesterday.
These funds have shifted positions in (ADUS). As of quarter end Sterling Capital Management LLC had acquired 14,616 shares growing its holdings by 30.8%. The value of the investment in ADUS went from $1,763,000 to $2,189,000 a change of $426,000 since the last quarter. As of the end of the quarter Oxford Asset Management had sold a total of 5,474 shares trimming its stake by 7.2%. The value in dollars decreased from $2,823,000 to $2,503,000 decreasing 11.3% for the reporting period.
As of quarter end Renaissance Technologies LLC had bought a total of 27,500 shares growing its position 63.1%. The value of the company’s investment in Addus Homecare Corpo increased from $1,622,000 to $2,510,000 a change of 54.7% quarter to quarter. As of quarter end Punch & Associates Investment Management, Inc. had acquired a total of 10,200 shares growing its stake by 6.2%. The value of the investment in Addus Homecare Corpo increased from $6,131,000 to $6,178,000 a change of $47,000 quarter over quarter.
On September 19 Oppenheimer Holdings kept the stock rating at “Buy” targeting a price of $45.00. August 29 investment analysts at Oppenheimer Holdings left the stock rating at “Buy” with a current price target of $45.00.
August 24 investment analysts at Robert W. Baird kept the company rating at “Hold” projecting a price of $40.00.
The company is now up by 1.83% since yesterday’s close of 32.75. The P/E ratio is 21.79 and the market cap is 387.68M. In the last earnings report the EPS was $1.53 with 11.63M shares outstanding.
Addus HomeCare Corporation, launched on July 27, 2006, is a provider of personal care services, which are provided primarily in the home. The Business’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living. The Company provides these non-medical services on a long-term, continuous basis. As of December 31, 2016, the Company delivered services to its consumers through 114 individual agencies located in 24 states and three adult day services centers in Illinois. Its services, which include non-medical care, such as personal care services, are provided to consumers who are unable to independently perform some or all of their activities of daily living..