Addus HomeCare Corporation (NASDAQ:ADUS) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,840 shares of the company's stock after selling 9,910 shares during the period. TimesSquare Capital Management LLC owned 1.90% of Addus HomeCare worth $34,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi grew its position in shares of Addus HomeCare by 185.9% during the 4th quarter. Amundi now owns 9,008 shares of the company's stock valued at $1,139,000 after buying an additional 5,857 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Addus HomeCare by 9.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 42,698 shares of the company's stock valued at $5,352,000 after purchasing an additional 3,659 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Addus HomeCare during the 4th quarter worth approximately $6,637,000. Bank of Montreal Can lifted its holdings in shares of Addus HomeCare by 17.4% in the 4th quarter. Bank of Montreal Can now owns 2,493 shares of the company's stock worth $312,000 after purchasing an additional 369 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Addus HomeCare by 50.0% in the 4th quarter. Deutsche Bank AG now owns 16,354 shares of the company's stock worth $2,050,000 after purchasing an additional 5,448 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Stock Performance

Shares of NASDAQ ADUS traded up $1.25 during midday trading on Thursday, reaching $109.69. 138,793 shares of the company traded hands, compared to its average volume of 165,970. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.54 and a beta of 0.81. The stock has a 50-day moving average price of $112.52 and a 200 day moving average price of $110.14. Addus HomeCare Corporation has a 52 week low of $88.96 and a 52 week high of $136.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.74 and a quick ratio of 1.74.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $337.71 million for the quarter, compared to analysts' expectations of $341.66 million. Addus HomeCare had a net margin of 6.52% and a return on equity of 9.23%. Addus HomeCare's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. Sell-side analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADUS. Wall Street Zen raised Addus HomeCare from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Macquarie reaffirmed an "outperform" rating and issued a $133.00 price objective on shares of Addus HomeCare in a report on Tuesday, June 10th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $150.00 price objective on shares of Addus HomeCare in a research report on Wednesday. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $142.57.

Insider Buying and Selling

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

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. The company operates through three segments: Personal Care, Hospice, and Home Health.