MQS Management LLC Invests $260,000 in Addus HomeCare Corporation (NASDAQ:ADUS)

MQS Management LLC bought a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,625 shares of the company's stock, valued at approximately $260,000.

A number of other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in Addus HomeCare by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,735 shares of the company's stock worth $4,325,000 after buying an additional 1,037 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Addus HomeCare by 40.4% in the 1st quarter. Bank of New York Mellon Corp now owns 164,118 shares of the company's stock worth $16,230,000 after purchasing an additional 47,222 shares during the last quarter. Huntleigh Advisors Inc. lifted its holdings in shares of Addus HomeCare by 15.8% in the 1st quarter. Huntleigh Advisors Inc. now owns 3,758 shares of the company's stock worth $372,000 after purchasing an additional 512 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Addus HomeCare by 18.3% in the 1st quarter. Principal Financial Group Inc. now owns 475,818 shares of the company's stock worth $47,054,000 after purchasing an additional 73,720 shares during the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of Addus HomeCare by 4.9% in the 1st quarter. WCM Investment Management LLC now owns 494,791 shares of the company's stock worth $48,143,000 after purchasing an additional 23,176 shares during the last quarter. Institutional investors own 95.35% of the company's stock.

Addus HomeCare Price Performance

ADUS stock traded down $2.32 during midday trading on Tuesday, reaching $109.43. 141,518 shares of the company's stock traded hands, compared to its average volume of 165,727. The company has a 50-day simple moving average of $112.46 and a two-hundred day simple moving average of $110.39. Addus HomeCare Corporation has a 1-year low of $88.96 and a 1-year high of $136.72. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.57 and a beta of 0.81. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.20.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on ADUS shares. Wall Street Zen upgraded Addus HomeCare from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. JMP Securities reiterated a "market outperform" rating and set a $150.00 price target on shares of Addus HomeCare in a research report on Friday, June 20th. Finally, Macquarie reiterated an "outperform" rating and set a $133.00 price target on shares of Addus HomeCare in a research report on Tuesday, June 10th. 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, Addus HomeCare presently has an average rating of "Buy" and an average price target of $142.57.

Insider Activity at Addus HomeCare

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of Addus HomeCare stock in a transaction dated 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 approximately $896,540. The trade was a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.60% of the stock is currently owned by company insiders.

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.