First Eagle Investment Management LLC Acquires 5,500 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

First Eagle Investment Management LLC boosted its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUSGet Rating) by 88.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,711 shares of the company’s stock after purchasing an additional 5,500 shares during the period. First Eagle Investment Management LLC’s holdings in Addus HomeCare were worth $1,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in Addus HomeCare during the first quarter worth about $34,000. US Bancorp DE increased its holdings in shares of Addus HomeCare by 28.1% during the third quarter. US Bancorp DE now owns 871 shares of the company’s stock worth $69,000 after buying an additional 191 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Addus HomeCare by 210.4% during the third quarter. PNC Financial Services Group Inc. now owns 925 shares of the company’s stock worth $75,000 after buying an additional 627 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Addus HomeCare by 9.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,783 shares of the company’s stock worth $167,000 after buying an additional 149 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Addus HomeCare during the third quarter worth approximately $202,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.

In other Addus HomeCare news, CEO R Dirk Allison sold 1,911 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $70.57, for a total value of $134,859.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Poff sold 448 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $84.22, for a total transaction of $37,730.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,256 shares of company stock worth $403,669. Insiders own 4.00% of the company’s stock.

Several analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Addus HomeCare in a report on Wednesday, April 13th. They set a “buy” rating and a $110.00 price objective for the company. StockNews.com assumed coverage on shares of Addus HomeCare in a report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research raised shares of Addus HomeCare from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada dropped their price objective on shares of Addus HomeCare from $125.00 to $111.00 in a report on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Addus HomeCare currently has a consensus rating of “Buy” and a consensus price target of $105.50.

Shares of Addus HomeCare stock traded down $0.28 during midday trading on Friday, reaching $81.54. The company had a trading volume of 79,173 shares, compared to its average volume of 74,312. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.87. The stock has a fifty day simple moving average of $84.26 and a 200 day simple moving average of $86.40. Addus HomeCare Co. has a 1-year low of $68.57 and a 1-year high of $108.11.

Addus HomeCare (NASDAQ:ADUSGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Addus HomeCare had a net margin of 5.05% and a return on equity of 8.83%. During the same period last year, the company earned $0.62 earnings per share. Sell-side analysts expect that Addus HomeCare Co. will post 3.22 earnings per share for the current year.

Addus HomeCare Profile (Get Rating)

Addus HomeCare Corporation, together with its subsidiaries, 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 through three segments: Personal Care, Hospice, and Home Health.

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

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