MQS Management LLC Takes Position in Addus HomeCare Corporation (NASDAQ:ADUS)

MQS Management LLC acquired a new stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,625 shares of the company's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis increased its holdings in Addus HomeCare by 111.9% in the 4th quarter. Natixis now owns 250 shares of the company's stock valued at $31,000 after acquiring an additional 132 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Addus HomeCare in the 4th quarter worth about $77,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Addus HomeCare in the 4th quarter worth about $86,000. Cibc World Markets Corp bought a new stake in shares of Addus HomeCare in the 4th quarter worth about $204,000. Finally, Atria Investments Inc bought a new stake in shares of Addus HomeCare in the 4th quarter worth about $209,000. 95.35% of the stock is currently owned by institutional investors.

Insider Transactions at Addus HomeCare

In other news, EVP Michael D. Wattenbarger sold 2,045 shares of the business's stock in a transaction dated 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 owned 7,796 shares in the company, valued at approximately $896,540. The trade was a 20.78% decrease in their position. The transaction 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 company insiders.

Addus HomeCare Trading Down 1.9%

Addus HomeCare stock traded down $2.11 during trading hours on Friday, hitting $107.58. The company had a trading volume of 58,290 shares, compared to its average volume of 165,563. The firm has a market cap of $1.98 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current 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 50-day moving average price of $112.52 and a two-hundred day moving average price of $110.14.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $337.71 million during 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%. The firm's quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. On average, sell-side analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Macquarie restated an "outperform" rating and issued a $133.00 target price on shares of Addus HomeCare in a report 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 Wednesday. Finally, Wall Street Zen raised shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $142.57.

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.