Home Health Stock Index Shows an Uptick

Stoneridge Partners reports that for the month of May the Home Health Index showed an increase of 4.4%, and the S&P 500 continued its increase.up 2.1%.

All stocks were up, however the increase was primarily on the back of Amedisys. After hitting a low that goes back to 2003 of $10.04, the stock jumped 22.7% to 12.32. Last month, Stoneridge ruminated as to whether or not it was, at that low point, a buy.

The high for the HH Index was set in September 2008 at 41.75, and then within five months it dropped to $21. It now sits at $16.19, down 61%. As a comparison, during this same time period the S&P 500 is up about 75%.

The HH Index is now up 2.1% year-to-date (YTD) while the S&P 500 is up 14.3%. Almost Family is the only stock that is down, both YTD and from one year ago, and Gentiva leads the parade, up 90% from one year ago.

Here are the results for our HH  Index. Take a look at the remarkable results from Addus.

Company Price 5/31/13 Change in %,  Month Change in %,  YTD Price 5/31/12 Change in %, Year
Almost Family 19.77 +0.15% -2.42% 22.23 -11.07%
Amedisys 12.32 +22.71% +8.93% 10.97 +12.31%
Gentiva 10.66 +1.62% +6.07% 5.61 +90.02%
LHC Group 21.99 +1.24% +0.92% 16.75 +31.28%
Home Health Index 16.19% +4.44% +2.10% 13.89 +16.52%
S&P 500 1630.74 +2.08% +14.34% 1310.33 +24.45%
Addus 17.99 +51.94% +151.61% 3.99 +350.88%

GRAPHS:  This first graph shows the HH Index compared to the actual prices of the individual companies that make up the chart through May 2013.

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