Principal Financial Group Inc. Has $47.05 Million Stake in Addus HomeCare Corporation (NASDAQ:ADUS)

Principal Financial Group Inc. raised its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 18.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 475,818 shares of the company's stock after acquiring an additional 73,720 shares during the quarter. Principal Financial Group Inc. owned approximately 2.62% of Addus HomeCare worth $47,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis raised its position in shares of Addus HomeCare by 111.9% during the 4th quarter. Natixis now owns 250 shares of the company's stock worth $31,000 after purchasing an additional 132 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Addus HomeCare by 324.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $35,000 after purchasing an additional 214 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Addus HomeCare during the 4th quarter worth approximately $77,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Addus HomeCare during the 4th quarter worth approximately $86,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Addus HomeCare during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 95.35% of the company's stock.

Insider Transactions at Addus HomeCare

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Macquarie reaffirmed an "outperform" rating and set a $133.00 target price on shares of Addus HomeCare in a research note on Tuesday, June 10th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price target on shares of Addus HomeCare in a research note on Friday, June 20th. Wall Street Zen raised Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Stephens reaffirmed an "overweight" rating and set a $142.00 price target on shares of Addus HomeCare in a research note on Wednesday, March 12th. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Addus HomeCare presently has an average rating of "Buy" and an average target price of $142.57.

Addus HomeCare Stock Performance

Shares of ADUS stock traded down $2.21 during trading on Thursday, reaching $112.20. The company had a trading volume of 148,008 shares, compared to its average volume of 165,987. The firm's 50 day simple moving average is $112.17 and its two-hundred day simple moving average is $110.89. 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 Corporation has a one year low of $88.96 and a one year high of $136.72. The company has a market capitalization of $2.06 billion, a PE ratio of 25.33, a PEG ratio of 1.59 and a beta of 0.81.

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

Addus HomeCare Company 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.