3,603 Shares in Addus HomeCare Co. (NASDAQ:ADUS) Acquired by First Hawaiian Bank

First Hawaiian Bank acquired a new position in shares of Addus HomeCare Co. (NASDAQ:ADUS) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,603 shares of the company’s stock, valued at approximately $418,000.

A number of other hedge funds have also made changes to their positions in the business. Principal Securities Inc. acquired a new position in Addus HomeCare in the fourth quarter valued at $26,000. GAMMA Investing LLC acquired a new stake in shares of Addus HomeCare in the 4th quarter valued at about $34,000. EntryPoint Capital LLC acquired a new position in Addus HomeCare during the first quarter worth approximately $44,000. Assetmark Inc. boosted its holdings in shares of Addus HomeCare by 33.3% in the fourth quarter. Assetmark Inc. now owns 1,774 shares of the company’s stock valued at $165,000 after acquiring an additional 443 shares during the period. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Addus HomeCare in the 1st quarter valued at $234,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 7th. Barclays cut Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price target for the company. in a research report on Tuesday, April 23rd. 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 objective on the stock. Oppenheimer lifted their target price on shares of Addus HomeCare from $118.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, Stephens reiterated an “overweight” rating and issued a $138.00 price target on shares of Addus HomeCare in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.29.

Insider Activity

In other news, EVP Roberton James Stevenson sold 217 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $116.13, for a total transaction of $25,200.21. Following the completion of the sale, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at $1,186,500.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

Addus HomeCare Stock Performance

ADUS stock traded up $6.53 during trading on Tuesday, hitting $124.24. 240,105 shares of the company’s stock traded hands, compared to its average volume of 136,231. The stock has a fifty day moving average price of $118.18 and a two-hundred day moving average price of $105.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. Addus HomeCare Co. has a 52 week low of $78.35 and a 52 week high of $126.70. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, August 5th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.14. The firm had revenue of $286.90 million for the quarter, compared to analyst estimates of $284.90 million. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. Addus HomeCare’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, equities analysts anticipate that Addus HomeCare Co. will post 4.36 EPS for the current fiscal 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.