Price Action Alert: Is Addus Homecare Corporation’s Fuel Running Low? The Stock Reaches 52-Week High Today

Price Action Alert: Is Addus Homecare Corporation's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Addus Homecare Corporation (NASDAQ:ADUS) hit a new 52-week high and has $88.86 target or 179.00% above today’s $31.85 share price. The 7 months bullish chart indicates low risk for the $421.99M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $88.86 price target is reached, the company will be worth $755.36 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 5.99% or $1.8 during the last trading session, hitting $31.85. About 172,940 shares traded hands or 277.27% up from the average. Addus Homecare Corporation (NASDAQ:ADUS) has risen 76.14% since April 7, 2016 and is uptrending. It has outperformed by 71.36% 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 1.3 in Q2 2016. Its up 0.27, from 1.03 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.
Panagora Asset accumulated 2,567 shares or 0% of the stock. Northern Corp accumulated 119,257 shares or 0% of the stock. Moreover, North Tide Capital Ltd Liability Company has 0.34% invested in Addus Homecare Corporation (NASDAQ:ADUS) for 174,079 shares. The California-based Fuller Thaler Asset has invested 0% in Addus Homecare Corporation (NASDAQ:ADUS). International Group Inc Inc reported 4,255 shares or 0% of all its holdings. Credit Suisse Ag has 14,960 shares for 0% of their US portfolio. Wells Fargo Mn has 38,784 shares for 0% of their US portfolio. Blackrock Inv Management Ltd Liability Corporation, a New Jersey-based fund reported 28,073 shares. New York State Common Retirement Fund has 6,400 shares for 0% of their US portfolio. Brown Advisory holds 265,614 shares or 0.02% of its portfolio. Jupiter Asset Management last reported 0.17% of its portfolio in the stock. The New York-based Tower Ltd Liability Com (Trc) has invested 0% in Addus Homecare Corporation (NASDAQ:ADUS). The Florida-based Finemark Financial Bank & has invested 0% in Addus Homecare Corporation (NASDAQ:ADUS). D E Shaw & reported 18,281 shares or 0% of all its holdings. Barclays Public Limited holds 0% or 1,019 shares in its portfolio.

More notable recent Addus Homecare Corporation (NASDAQ:ADUS) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Prnewswire.com with their article: “Addus HomeCare Announces Third-Quarter 2016 Results” published on November 07, 2016, Prnewswire.com published: “Addus HomeCare Names Susan T. Weaver, M.D. And Darin J. Gordon To Board Of …” on October 19, 2016. 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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