In a filing, Addus HomeCare Corporation revealed its President and COO BICKHAM W BRADLEY unloaded Company’s shares for reported $0.47 million on Aug 07. In the deal valued at $93.85 per share,5,000 shares were sold. As a result of this transaction, BICKHAM W BRADLEY now holds 38,285 shares worth roughly $ 3.33 million.
Then, TUCKER DAVID W. sold 1,636 shares, generating $154,160 in total proceeds. Upon selling the shares at $94.23, the EVP / Chief Strategy Officer now owns 7,221 shares.
Before that, WATTENBARGER MICHAEL D. sold 750 shares. Addus HomeCare Corporation shares valued at $70,470 were divested by the EVP/Chief Information Officer at a price of $93.96 per share. As a result of the transaction, WATTENBARGER MICHAEL D. now holds 6,222 shares, worth roughly $0.54 million.
Stifel initiated its Addus HomeCare Corporation [ADUS] rating to a Buy in a research note published on Friday, June 29, 2022; the price target was $101. PT values the company’s stock at a premium of 13.95 to its Friday closing price.
Price Performance Review of ADUS
On Friday, Addus HomeCare Corporation [NASDAQ:ADUS] saw its stock fall -0.90% to $86.91. On the same session, the stock had its day’s lowest price of $86.77, but rose to a high of $88.77. Over the last five days, the stock has lost -2.75%. Addus HomeCare Corporation shares have fallen nearly -12.64% since the year began. Nevertheless, the stocks have fallen -2.59% over the past one year. While a 52-week high of $114.99 was reached on 02/28/23, a 52-week low of $77.30 was recorded on 05/04/23. SMA at 50 days reached $91.21, while 200 days put it at $98.80. A total of 60099.0 shares were traded, compared to the trading of 88700.0 shares in the previous session.
Levels Of Support And Resistance For ADUS Stock
The 24-hour chart illustrates a support level at 86.20, which if violated will result in even more drops to 85.48. On the upside, there is a resistance level at 88.20. A further resistance level may holdings at 89.48. The Relative Strength Index (RSI) on the 14-day chart is 35.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.61%. Stochastics %K at 6.49% indicates the stock is a buying.
How much short interest is there in Addus HomeCare Corporation?
A steep rise in short interest was recorded in Addus HomeCare Corporation stocks on Aug 14, 2023, dropping by -0.11 million shares to a total of 0.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.4 million shares. There was a decline of -35.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.86.
Addus HomeCare Corporation [ADUS] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,374,643 shares, or roughly 14.65% of the outstanding ADUS shares. In other words, the investor’s shares have risen by 20,072 from its previous 13-F filing of 2354571.0. Additionally, The Vanguard Group, Inc. increased 3.63% of its stake after which the total value it holdings stand at $103,277,682, while Wellington Management Co. LLP added 13.71% of its stake to hold $70.51 million in the firm. Over the last quarter, Silvercrest Asset Management Grou sold -32,033 shares of Addus HomeCare Corporation, while Dimensional Fund Advisors LP sold 34,138 shares. At present, Principal Global Investors LLC is holding 638,305 shares valued at $58.45 million. SSgA Funds Management, Inc. owned 564,595 shares of the company at the time of its most recent 13F filing, worth $51.7 million.
According to FactSet, Addus HomeCare Corporation’s share price will average $113.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.86 percent from its previous closing price of $87.70. Analysts expect Addus HomeCare Corporation stock to reach the higher price of $130.00, while the lowest price estimate is $105.00. However, 7 analysts have rated ADUS stock as a Buy in their predictions for 2023.