Comerica Bank decreased its position in shares of Addus Homecare Co. (NASDAQ:ADUS) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,480 shares of the company’s stock after selling 471 shares during the quarter. Comerica Bank owned approximately 0.07% of Addus Homecare worth $721,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. 6 Meridian boosted its position in Addus Homecare by 2.0% during the second quarter. 6 Meridian now owns 7,508 shares of the company’s stock valued at $563,000 after purchasing an additional 147 shares in the last quarter. Arizona State Retirement System raised its stake in Addus Homecare by 1.2% in the second quarter. Arizona State Retirement System now owns 15,746 shares of the company’s stock valued at $1,180,000 after buying an additional 188 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Addus Homecare by 5.2% in the first quarter. New York State Teachers Retirement System now owns 3,902 shares of the company’s stock worth $248,000 after purchasing an additional 192 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Addus Homecare by 1.1% in the first quarter. First Trust Advisors LP now owns 18,513 shares of the company’s stock worth $1,177,000 after purchasing an additional 197 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Addus Homecare by 58.9% in the first quarter. Bank of Montreal Can now owns 545 shares of the company’s stock worth $35,000 after purchasing an additional 202 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:ADUS traded down $0.56 on Friday, reaching $78.10. The company’s stock had a trading volume of 197,479 shares, compared to its average volume of 234,155. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 46.21, a price-to-earnings-growth ratio of 2.49 and a beta of -0.10. Addus Homecare Co. has a 12-month low of $57.94 and a 12-month high of $92.91. The stock has a 50 day moving average price of $83.76 and a 200 day moving average price of $72.77.
Addus Homecare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Addus Homecare had a return on equity of 8.55% and a net margin of 3.31%. The firm had revenue of $149.69 million for the quarter, compared to the consensus estimate of $146.66 million. Equities research analysts expect that Addus Homecare Co. will post 1.98 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut Addus Homecare from a “hold” rating to a “sell” rating in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of Addus Homecare in a report on Friday, August 9th. Oppenheimer raised their price objective on Addus Homecare from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. BidaskClub raised Addus Homecare from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Raymond James set a $92.00 price objective on Addus Homecare and gave the company an “outperform” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $88.29.
In other news, insider W Bradley Bickham sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $80.67, for a total transaction of $1,210,050.00. Following the sale, the insider now owns 38,311 shares in the company, valued at $3,090,548.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Laurie Manning sold 990 shares of the firm’s 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 disclosure for this sale can be found here. 20.10% of the stock is currently 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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