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.
Tags: Addus, Almost Family, Amedisys, Gentiva Health Services, LHC Group, Stoneridge Partners
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