Bank of America Corp DE increased its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 273.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,070 shares of the company's stock after buying an additional 128,211 shares during the period. Bank of America Corp DE owned about 0.97% of Addus HomeCare worth $21,945,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in ADUS. Cherry Creek Investment Advisors Inc. acquired a new position in shares of Addus HomeCare in the fourth quarter worth $340,000. Amundi boosted its holdings in Addus HomeCare by 185.9% in the fourth quarter. Amundi now owns 9,008 shares of the company's stock valued at $1,139,000 after purchasing an additional 5,857 shares during the period. Barclays PLC grew its stake in Addus HomeCare by 204.8% during the 3rd quarter. Barclays PLC now owns 43,470 shares of the company's stock worth $5,783,000 after purchasing an additional 29,207 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Addus HomeCare by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company's stock worth $1,340,000 after purchasing an additional 91 shares during the period. Finally, King Luther Capital Management Corp acquired a new stake in Addus HomeCare in the 4th quarter valued at about $4,223,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.
Addus HomeCare Trading Up 1.6%
Shares of NASDAQ:ADUS opened at $111.63 on Monday. The firm has a 50 day simple moving average of $100.30 and a 200-day simple moving average of $113.66. Addus HomeCare Co. has a twelve month low of $88.96 and a twelve month high of $136.72. The company has a market capitalization of $2.05 billion, a PE ratio of 25.54, a P/E/G ratio of 1.41 and a beta of 0.85.
Addus HomeCare (NASDAQ:ADUS - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The firm had revenue of $337.71 million for the quarter, compared to analyst estimates of $341.66 million. During the same period last year, the business earned $1.21 EPS. Addus HomeCare's revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, equities research analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently commented on ADUS. StockNews.com downgraded Addus HomeCare from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Macquarie boosted their price target on shares of Addus HomeCare from $129.00 to $133.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JMP Securities reissued a "market outperform" rating and issued a $150.00 price objective on shares of Addus HomeCare in a research report on Tuesday, April 22nd. Stephens restated an "overweight" rating and issued a $142.00 price objective on shares of Addus HomeCare in a report on Wednesday, March 12th. Finally, Oppenheimer boosted their target price on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $142.57.
Read Our Latest Stock Report on ADUS
About Addus HomeCare
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ADUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Addus HomeCare Co. (NASDAQ:ADUS - Free Report).
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