TimesSquare Capital Management LLC lessened its position in Addus Homecare Co. (NASDAQ:ADUS) by 5.8% during the third quarter, Holdings Channel reports. The institutional investor owned 864,900 shares of the company’s stock after selling 53,400 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.06% of Addus Homecare worth $68,569,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of Addus Homecare in the 3rd quarter worth $30,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Addus Homecare during the second quarter worth $40,000. Marshall Wace North America L.P. acquired a new stake in shares of Addus Homecare during the first quarter worth $34,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of 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 period. Finally, Exane Derivatives acquired a new stake in shares of Addus Homecare during the second quarter worth $95,000. 85.34% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on ADUS. William Blair reaffirmed an “outperform” rating on shares of Addus Homecare in a research report on Friday, August 9th. ValuEngine lowered Addus Homecare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Sidoti set a $115.00 target price on Addus Homecare and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Raymond James boosted their target price on Addus Homecare from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on Addus Homecare from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Addus Homecare presently has an average rating of “Buy” and a consensus price target of $94.00.
NASDAQ:ADUS traded down $0.83 during trading hours on Tuesday, hitting $86.87. 196,900 shares of the company’s stock traded hands, compared to its average volume of 132,010. The firm has a market cap of $1.33 billion, a P/E ratio of 51.40, a P/E/G ratio of 2.78 and a beta of -0.16. Addus Homecare Co. has a twelve month low of $57.94 and a twelve month high of $92.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.84 and a current ratio of 5.07. The stock’s fifty day moving average price is $83.16 and its two-hundred day moving average price is $78.14.
Addus Homecare (NASDAQ:ADUS) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $169.80 million for the quarter, compared to analyst estimates of $160.25 million. Addus Homecare had a return on equity of 8.00% and a net margin of 3.35%. The firm’s revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts predict that Addus Homecare Co. will post 2.01 earnings per share for the current year.
Addus Homecare 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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