Teacher Retirement System of Texas Sells 30,792 Shares of Addus HomeCare Corporation (NASDAQ:ADUS)

Teacher Retirement System of Texas trimmed its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 34.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 0.32% of Addus HomeCare worth $5,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADUS. Natixis boosted its position in shares of Addus HomeCare by 111.9% during the fourth quarter. Natixis now owns 250 shares of the company's stock worth $31,000 after purchasing an additional 132 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Addus HomeCare by 324.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $35,000 after acquiring an additional 214 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Addus HomeCare in the 4th quarter valued at $77,000. Harvest Fund Management Co. Ltd bought a new stake in Addus HomeCare in the 4th quarter valued at $86,000. Finally, Cibc World Markets Corp bought a new stake in Addus HomeCare in the 4th quarter valued at $204,000. 95.35% of the stock is owned by institutional investors.

Addus HomeCare Stock Performance

Shares of Addus HomeCare stock traded up $1.20 during trading on Tuesday, hitting $111.82. 8,256 shares of the stock were exchanged, compared to its average volume of 165,550. Addus HomeCare Corporation has a 1-year low of $88.96 and a 1-year high of $136.72. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.81. The company has a fifty day moving average price of $111.79 and a 200-day moving average price of $110.86. 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 announced its quarterly earnings results on Monday, May 5th. The company reported $1.42 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 business had revenue of $337.71 million for the quarter, compared to analyst estimates of $341.66 million. During the same quarter in the prior year, the business earned $1.21 EPS. Addus HomeCare's quarterly revenue was up 20.3% on a year-over-year basis. As a group, equities analysts predict that Addus HomeCare Corporation will post 4.59 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Addus HomeCare

In other Addus HomeCare 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 of the company's stock, valued at $896,540. The trade was a 20.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.60% of the stock is owned by corporate insiders.

About Addus HomeCare

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.