Public Employees Retirement System of Ohio Acquires Shares of 39,765 Addus HomeCare Co. (NASDAQ:ADUS)

Public Employees Retirement System of Ohio bought a new position in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 39,765 shares of the company's stock, valued at approximately $4,985,000. Public Employees Retirement System of Ohio owned 0.22% of Addus HomeCare at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ADUS. Capital Research Global Investors acquired a new position in Addus HomeCare during the fourth quarter worth about $51,149,000. American Century Companies Inc. boosted its stake in shares of Addus HomeCare by 695.8% during the 4th quarter. American Century Companies Inc. now owns 284,346 shares of the company's stock worth $35,643,000 after acquiring an additional 248,613 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Addus HomeCare by 273.6% in the 4th quarter. Bank of America Corp DE now owns 175,070 shares of the company's stock worth $21,945,000 after acquiring an additional 128,211 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Addus HomeCare by 28.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company's stock worth $44,593,000 after acquiring an additional 78,835 shares during the period. Finally, Pier Capital LLC purchased a new position in Addus HomeCare in the 4th quarter valued at approximately $8,406,000. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Trading Up 0.3%

Shares of NASDAQ:ADUS traded up $0.29 on Monday, hitting $111.20. The company had a trading volume of 153,107 shares, compared to its average volume of 169,063. The company has a market cap of $2.05 billion, a PE ratio of 25.45, a PEG ratio of 1.41 and a beta of 0.85. Addus HomeCare Co. has a 52-week low of $88.96 and a 52-week high of $136.72. The business has a 50 day moving average of $104.75 and a 200 day moving average of $112.61.

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. The company had revenue of $337.71 million for the quarter, compared to analyst estimates of $341.66 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The firm's quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. As a group, equities analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on ADUS shares. Wall Street Zen downgraded Addus HomeCare from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Macquarie lifted their price target on Addus HomeCare from $129.00 to $133.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JMP Securities reiterated a "market outperform" rating and issued a $150.00 price objective on shares of Addus HomeCare in a research report on Tuesday, April 22nd. Finally, Stephens reissued an "overweight" rating and issued a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $142.57.

Insider Buying and Selling

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 7,796 shares in the company, valued at approximately $896,540. This represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.60% of the stock is owned by company 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.