Teacher Retirement System of Texas trimmed its holdings in Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 34.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,202 shares of the company's stock after selling 30,792 shares during the quarter. Teacher Retirement System of Texas owned about 0.32% of Addus HomeCare worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of ADUS. Natixis boosted its holdings in shares of Addus HomeCare by 111.9% during 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. Smartleaf Asset Management LLC boosted its stake in shares of Addus HomeCare by 324.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $35,000 after purchasing an additional 214 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Addus HomeCare in the fourth quarter valued at about $77,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Addus HomeCare in the fourth quarter valued at about $86,000. Finally, Cibc World Markets Corp bought a new position in Addus HomeCare in the fourth quarter worth about $204,000. 95.35% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on ADUS. JMP Securities reiterated a "market outperform" rating and issued a $150.00 price target on shares of Addus HomeCare in a report on Friday, June 20th. Macquarie reiterated an "outperform" rating and set a $133.00 target price on shares of Addus HomeCare in a research report on Tuesday, June 10th. Wall Street Zen upgraded Addus HomeCare from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Finally, Stephens reiterated an "overweight" rating and set a $142.00 target price on shares of Addus HomeCare in a research report on Wednesday, March 12th. Seven equities research 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, the company presently has an average rating of "Buy" and a consensus target price of $142.57.
Check Out Our Latest Research Report on Addus HomeCare
Addus HomeCare Trading Down 1.9%
Addus HomeCare stock traded down $2.21 during midday trading on Thursday, reaching $112.20. 148,008 shares of the stock traded hands, compared to its average volume of 196,158. The company has a 50-day simple moving average of $112.17 and a two-hundred day simple moving average of $110.89. Addus HomeCare Corporation has a 12-month low of $88.96 and a 12-month high of $136.72. The firm has a market cap of $2.06 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.81. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20.
Addus HomeCare (NASDAQ:ADUS - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $337.71 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $1.21 earnings per share. Research analysts expect that Addus HomeCare Corporation will post 4.59 earnings per share for the current fiscal year.
Insider Buying and Selling
In other 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 sale, the executive vice president directly owned 7,796 shares in the company, valued at $896,540. This represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.60% of the company's stock.
Addus HomeCare Profile
(
Free Report)
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.
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