Thomson Horstmann & Bryant Inc. cut its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 6.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 160,121 shares of the company’s stock after selling 11,515 shares during the period. Thomson Horstmann & Bryant Inc. owned 1.40% of Addus HomeCare Corporation worth $5,956,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ADUS. Russell Investments Group Ltd. acquired a new position in shares of Addus HomeCare Corporation during the fourth quarter worth about $130,000. American International Group Inc. boosted its position in shares of Addus HomeCare Corporation by 7.0% in the first quarter. American International Group Inc. now owns 4,548 shares of the company’s stock worth $146,000 after buying an additional 299 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Addus HomeCare Corporation during the first quarter worth about $160,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Addus HomeCare Corporation during the fourth quarter worth about $215,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Addus HomeCare Corporation during the first quarter worth approximately $238,000. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Shares of Addus HomeCare Corporation (ADUS) opened at 34.25 on Friday. Addus HomeCare Corporation has a 12-month low of $18.61 and a 12-month high of $40.75. The company has a 50-day moving average of $36.73 and a 200-day moving average of $35.23. The stock has a market capitalization of $392.85 million, a P/E ratio of 24.45 and a beta of 0.23.
Addus HomeCare Corporation (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Addus HomeCare Corporation had a return on equity of 10.47% and a net margin of 3.94%. The firm had revenue of $103.60 million for the quarter, compared to analyst estimates of $104.39 million. During the same period in the prior year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that Addus HomeCare Corporation will post $1.60 earnings per share for the current fiscal year.
ADUS has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Addus HomeCare Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub downgraded shares of Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.50.
In other news, insider Brenda A. Belger sold 6,250 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $38.58, for a total transaction of $241,125.00. Following the completion of the sale, the insider now directly owns 17,331 shares in the company, valued at approximately $668,629.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Darby Anderson sold 5,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the executive vice president now owns 31,604 shares of the company’s stock, valued at $1,193,999.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,939 shares of company stock worth $456,310. Insiders own 35.80% of the company’s stock.
Addus HomeCare Corporation Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’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.
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