Addus Homecare Co. (NASDAQ:ADUS) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Addus Homecare Co. (NASDAQ:ADUS) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,544 shares of the company’s stock after purchasing an additional 5,778 shares during the quarter. Rhumbline Advisers’ holdings in Addus Homecare were worth $2,818,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in Addus Homecare by 31.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 546 shares of the company’s stock worth $41,000 after purchasing an additional 130 shares during the last quarter. 6 Meridian raised its holdings in Addus Homecare by 2.0% during the second quarter. 6 Meridian now owns 7,508 shares of the company’s stock worth $563,000 after purchasing an additional 147 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Addus Homecare by 2.3% during the third quarter. Envestnet Asset Management Inc. now owns 7,584 shares of the company’s stock worth $601,000 after purchasing an additional 169 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in Addus Homecare by 0.4% during the second quarter. Great Lakes Advisors LLC now owns 46,322 shares of the company’s stock worth $3,472,000 after purchasing an additional 185 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Addus Homecare by 1.2% during the second quarter. Arizona State Retirement System now owns 15,746 shares of the company’s stock worth $1,180,000 after purchasing an additional 188 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. William Blair reissued an “outperform” rating on shares of Addus Homecare in a research report on Friday, August 9th. Raymond James raised their price target on Addus Homecare from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on Addus Homecare from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets set a $85.00 price target on Addus Homecare and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised Addus Homecare from a “hold” rating to a “strong-buy” rating and set a $94.00 price target for the company in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $94.00.

Addus Homecare stock traded up $0.99 during mid-day trading on Tuesday, hitting $88.69. 5,801 shares of the company were exchanged, compared to its average volume of 139,239. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.07 and a quick ratio of 2.84. The business’s 50 day simple moving average is $83.16 and its two-hundred day simple moving average is $78.14. The company has a market capitalization of $1.33 billion, a P/E ratio of 52.48, a PEG ratio of 2.78 and a beta of -0.16. Addus Homecare Co. has a 12-month low of $57.94 and a 12-month high of $92.91.

Addus Homecare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, November 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $169.80 million during the quarter, compared to the consensus estimate of $160.25 million. Addus Homecare had a return on equity of 8.00% and a net margin of 3.35%. The business’s revenue was up 23.3% compared to the same quarter last year. Equities research analysts predict that Addus Homecare Co. will post 2.01 earnings per share for the current year.

In other news, EVP Laurie Manning sold 990 shares of Addus Homecare stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $83.21, for a total value of $82,377.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.10% of the stock is owned by insiders.

Addus Homecare Company Profile

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Institutional Ownership by Quarter for Addus Homecare (NASDAQ:ADUS)

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