New Age Alpha Advisors LLC Sells 11,825 Shares of Addus HomeCare Corporation (NASDAQ:ADUS)

Key Points

• New Age Alpha Advisors LLC has reduced its stake in Addus HomeCare Corporation by 44.5%, selling 11,825 shares to own approximately 0.08% of the company.
• Addus HomeCare reported earnings of $1.49 per share for the last quarter, exceeding analysts' expectations of $1.45, and the company's revenue increased by 21.8% year-over-year.
• Analysts maintain a positive outlook on Addus HomeCare, with a consensus rating of "Buy" and target prices reaching as high as $150.00 from various research notes.

New Age Alpha Advisors LLC lowered its holdings in Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,753 shares of the company's stock after selling 11,825 shares during the period. New Age Alpha Advisors LLC owned approximately 0.08% of Addus HomeCare worth $1,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ADUS. Natixis raised its position in shares of Addus HomeCare by 111.9% in the fourth quarter. Natixis now owns 250 shares of the company's stock valued at $31,000 after purchasing an additional 132 shares during the period. Bailard Inc. purchased a new position in Addus HomeCare during the first quarter valued at approximately $208,000. Heritage Family Offices LLP grew its stake in Addus HomeCare by 6.3% during the first quarter. Heritage Family Offices LLP now owns 2,417 shares of the company's stock valued at $239,000 after acquiring an additional 143 shares in the last quarter. Private Advisor Group LLC grew its stake in Addus HomeCare by 52.4% during the first quarter. Private Advisor Group LLC now owns 2,546 shares of the company's stock valued at $252,000 after acquiring an additional 875 shares in the last quarter. Finally, Hohimer Wealth Management LLC grew its stake in Addus HomeCare by 6.3% during the first quarter. Hohimer Wealth Management LLC now owns 2,561 shares of the company's stock valued at $253,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 95.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ADUS shares. TD Cowen boosted their price objective on shares of Addus HomeCare from $135.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen raised shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Macquarie reaffirmed an "outperform" rating and set a $133.00 price objective on shares of Addus HomeCare in a research note on Tuesday, June 10th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Addus HomeCare in a research note on Wednesday, July 16th. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $142.86.

Addus HomeCare Price Performance

ADUS stock traded up $1.09 during midday trading on Friday, reaching $110.19. The company had a trading volume of 143,903 shares, compared to its average volume of 180,157. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.74 and a quick ratio of 1.74. Addus HomeCare Corporation has a 1 year low of $88.96 and a 1 year high of $136.72. The company has a market capitalization of $2.03 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.65 and a beta of 0.80. The firm has a 50-day moving average price of $111.73 and a 200-day moving average price of $107.85.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.04. Addus HomeCare had a net margin of 6.51% and a return on equity of 9.39%. The business had revenue of $349.44 million during the quarter, compared to analysts' expectations of $345.71 million. During the same quarter in the previous year, the company earned $1.35 EPS. The business's quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael D. Wattenbarger sold 2,045 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total value of $235,175.00. Following the completion of the sale, the executive vice president directly owned 7,796 shares in the company, valued at approximately $896,540. The trade was a 20.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.

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.