Leeward Investments LLC MA boosted its position in Addus HomeCare Corporation (NASDAQ:ADUS – Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,443 shares of the company’s stock after purchasing an additional 5,858 shares during the period. Leeward Investments LLC MA owned approximately 0.60% of Addus HomeCare worth $11,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Hohimer Wealth Management LLC lifted its stake in Addus HomeCare by 3.4% in the third quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after purchasing an additional 88 shares during the last quarter. Amalgamated Bank lifted its stake in Addus HomeCare by 1.8% in the third quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock worth $618,000 after purchasing an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Addus HomeCare by 2.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock worth $446,000 after purchasing an additional 103 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Addus HomeCare by 0.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock worth $2,150,000 after purchasing an additional 106 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ADUS. Barclays decreased their price objective on shares of Addus HomeCare from $112.00 to $102.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Citizens Jmp decreased their price target on shares of Addus HomeCare from $150.00 to $142.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.33.
Addus HomeCare Stock Performance
Addus HomeCare stock opened at $92.41 on Friday. The company has a 50 day moving average price of $97.03 and a 200-day moving average price of $106.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83. Addus HomeCare Corporation has a fifty-two week low of $90.89 and a fifty-two week high of $124.43. The company has a market capitalization of $1.73 billion, a PE ratio of 17.08, a P/E/G ratio of 1.30 and a beta of 0.92.
Addus HomeCare (NASDAQ:ADUS – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The firm had revenue of $363.50 million during the quarter, compared to the consensus estimate of $366.41 million. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that Addus HomeCare Corporation will post 6.24 earnings per share for the current year.
Insider Activity
In related news, EVP Sean Gaffney sold 442 shares of Addus HomeCare stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $46,569.12. Following the transaction, the executive vice president directly owned 20,080 shares of the company’s stock, valued at $2,115,628.80. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David W. Tucker sold 379 shares of Addus HomeCare stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $39,931.44. Following the transaction, the executive vice president directly owned 10,423 shares in the company, valued at approximately $1,098,167.28. The trade was a 3.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,788 shares of company stock valued at $1,785,633. Insiders own 4.50% of the company’s stock.
Addus HomeCare Profile
Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.
The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.
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