Lido Advisors LLC Decreases Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Lido Advisors LLC reduced its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 28.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,144 shares of the company’s stock after selling 1,221 shares during the quarter. Lido Advisors LLC’s holdings in Addus HomeCare were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swiss National Bank increased its position in Addus HomeCare by 0.9% during the 2nd quarter. Swiss National Bank now owns 35,100 shares of the company’s stock valued at $3,254,000 after purchasing an additional 300 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Addus HomeCare by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,317 shares of the company’s stock valued at $1,698,000 after purchasing an additional 1,259 shares during the period. Sheets Smith Wealth Management increased its position in Addus HomeCare by 1.7% during the 2nd quarter. Sheets Smith Wealth Management now owns 6,724 shares of the company’s stock valued at $623,000 after purchasing an additional 115 shares during the period. Wasatch Advisors LP increased its position in Addus HomeCare by 15.4% during the 2nd quarter. Wasatch Advisors LP now owns 294,813 shares of the company’s stock valued at $27,329,000 after purchasing an additional 39,419 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Addus HomeCare by 2.7% during the 2nd quarter. Principal Financial Group Inc. now owns 638,305 shares of the company’s stock valued at $59,171,000 after buying an additional 16,982 shares in the last quarter. 95.26% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Stock Performance

Shares of Addus HomeCare stock opened at $87.72 on Tuesday. Addus HomeCare Co. has a 1 year low of $77.30 and a 1 year high of $114.99. The firm’s 50-day moving average is $83.43 and its 200 day moving average is $87.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.69 and a beta of 0.87.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, October 30th. The company reported $1.03 earnings per share 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 analyst estimates of $266.17 million. Sell-side analysts anticipate that Addus HomeCare Co. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Addus HomeCare from $109.00 to $102.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st. StockNews.com cut shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Raymond James boosted their target price on shares of Addus HomeCare from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Stephens dropped their target price on shares of Addus HomeCare from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Finally, TheStreet cut shares of Addus HomeCare from a “b-” rating to a “c+” rating in a research note on Wednesday, September 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Addus HomeCare currently has a consensus rating of “Buy” and an average price target of $107.50.

About Addus HomeCare

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.