Great Lakes Advisors LLC lifted its stake in Addus HomeCare Co. (NASDAQ:ADUS – Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,347 shares of the company’s stock after buying an additional 1,304 shares during the period. Great Lakes Advisors LLC owned about 0.33% of Addus HomeCare worth $4,945,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of ADUS. Credit Suisse AG lifted its holdings in shares of Addus HomeCare by 3.5% during the first quarter. Credit Suisse AG now owns 21,696 shares of the company’s stock valued at $2,316,000 after acquiring an additional 740 shares during the period. Arizona State Retirement System grew its stake in Addus HomeCare by 2.9% during the first quarter. Arizona State Retirement System now owns 4,668 shares of the company’s stock worth $498,000 after buying an additional 131 shares during the last quarter. EA Series Trust acquired a new stake in shares of Addus HomeCare during the second quarter worth approximately $464,000. Panagora Asset Management Inc. raised its stake in shares of Addus HomeCare by 11.2% in the first quarter. Panagora Asset Management Inc. now owns 17,281 shares of the company’s stock valued at $1,845,000 after acquiring an additional 1,739 shares during the last quarter. Finally, Argent Capital Management LLC grew its position in Addus HomeCare by 0.5% during the 1st quarter. Argent Capital Management LLC now owns 27,274 shares of the company’s stock worth $2,912,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 95.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ADUS. Oppenheimer reissued an “outperform” rating and issued a $118.00 price objective on shares of Addus HomeCare in a research note on Wednesday, August 2nd. Royal Bank of Canada lowered their price objective on shares of Addus HomeCare from $109.00 to $102.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. TheStreet cut shares of Addus HomeCare from a “b-” rating to a “c+” rating in a research note on Wednesday, September 13th. StockNews.com downgraded Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Stephens lowered their target price on Addus HomeCare from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Addus HomeCare has a consensus rating of “Buy” and an average target price of $107.50.
Addus HomeCare Price Performance
Shares of ADUS stock opened at $87.72 on Tuesday. The firm’s 50 day moving average price is $83.43 and its two-hundred day moving average price is $87.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.51 and a current ratio of 1.51. Addus HomeCare Co. has a 52-week low of $77.30 and a 52-week high of $114.99. The stock has a market cap of $1.42 billion, a PE ratio of 24.71, a PEG ratio of 1.69 and a beta of 0.87.
Addus HomeCare (NASDAQ:ADUS – Get Free Report) last announced its quarterly earnings data on Monday, October 30th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. Addus HomeCare had a return on equity of 9.39% and a net margin of 5.61%. The business had revenue of $270.72 million during the quarter, compared to analysts’ expectations of $266.17 million. As a group, analysts forecast that Addus HomeCare Co. will post 3.87 EPS for the current year.
Addus HomeCare Company 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. It operates through three segments: Personal Care, Hospice, and Home Health.
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