Addus HomeCare Co. (NASDAQ:ADUS) Shares Acquired by Pitcairn Co.

Pitcairn Co. lifted its stake in Addus HomeCare Co. (NASDAQ:ADUS) by 6.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,840 shares of the company’s stock after acquiring an additional 225 shares during the quarter. Pitcairn Co.’s holdings in Addus HomeCare were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADUS. Lord Abbett & CO. LLC acquired a new position in Addus HomeCare during the 1st quarter worth about $8,274,000. Allianz Asset Management GmbH acquired a new stake in shares of Addus HomeCare during the fourth quarter worth about $5,667,000. Vanguard Group Inc. boosted its stake in shares of Addus HomeCare by 4.9% in the third quarter. Vanguard Group Inc. now owns 1,218,564 shares of the company’s stock valued at $103,809,000 after purchasing an additional 57,040 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Addus HomeCare by 78.8% in the first quarter. Assenagon Asset Management S.A. now owns 112,256 shares of the company’s stock valued at $11,601,000 after purchasing an additional 49,483 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in Addus HomeCare by 13.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 264,088 shares of the company’s stock worth $24,521,000 after buying an additional 30,330 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Insider Buying and Selling at Addus HomeCare

In other news, EVP Roberton James Stevenson sold 217 shares of Addus HomeCare stock in a transaction on Monday, June 17th. The shares were sold at an average price of $116.13, for a total value of $25,200.21. Following the transaction, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at approximately $1,186,500.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays downgraded shares of Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price target for the company. in a research note on Tuesday, April 23rd. Bank of America upped their price target on Addus HomeCare from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. StockNews.com cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 7th. Stephens upped their target price on shares of Addus HomeCare from $120.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, Macquarie assumed coverage on shares of Addus HomeCare in a research note on Friday, June 28th. They issued an “outperform” rating and a $136.00 price target for the company. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Addus HomeCare presently has an average rating of “Moderate Buy” and an average price target of $116.25.

Addus HomeCare Stock Down 2.1 %

Shares of NASDAQ ADUS traded down $2.55 during mid-day trading on Thursday, reaching $121.12. The company had a trading volume of 254,584 shares, compared to its average volume of 134,438. The firm has a 50 day simple moving average of $116.48 and a two-hundred day simple moving average of $103.14. Addus HomeCare Co. has a 52-week low of $78.35 and a 52-week high of $124.48. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.19 billion, a P/E ratio of 30.43, a PEG ratio of 2.34 and a beta of 1.01.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, May 6th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $279.49 million. Addus HomeCare had a return on equity of 10.03% and a net margin of 6.04%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Sell-side analysts predict that Addus HomeCare Co. will post 4.36 earnings per share for the current year.

Addus HomeCare Profile

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. The company operates through three segments: Personal Care, Hospice, and Home Health.