Voya Investment Management LLC Sells 17,482 Shares of Addus HomeCare Corporation $ADUS

Key Points

• Voya Investment Management LLC reduced its stake in Addus HomeCare Corporation by 7.8%, selling 17,482 shares during the first quarter to hold a total of 207,077 shares worth approximately $20.5 million.
• Several institutional investors, including Bank of America Corp DE and Deutsche Bank AG, have increased their holdings in Addus HomeCare, with Bank of America boosting its position by 273.6% in the last quarter.
• Wall Street analysts generally hold a positive outlook on Addus HomeCare, giving the stock an average rating of "Buy" and raising price targets, with UBS Group setting a target of $145.00.

Voya Investment Management LLC cut its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 7.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,077 shares of the company's stock after selling 17,482 shares during the quarter. Voya Investment Management LLC owned 1.13% of Addus HomeCare worth $20,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Addus HomeCare during the 1st quarter worth about $41,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Addus HomeCare by 368.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,255 shares of the company's stock worth $124,000 after purchasing an additional 987 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Addus HomeCare during the 1st quarter worth about $208,000. Heritage Family Offices LLP raised its stake in shares of Addus HomeCare by 6.3% during the 1st quarter. Heritage Family Offices LLP now owns 2,417 shares of the company's stock worth $239,000 after purchasing an additional 143 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Addus HomeCare by 52.4% during the 1st quarter. Private Advisor Group LLC now owns 2,546 shares of the company's stock worth $252,000 after purchasing an additional 875 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Stock Performance

ADUS traded up $2.09 during midday trading on Friday, reaching $111.90. The company's stock had a trading volume of 453,006 shares, compared to its average volume of 118,120. The stock has a market cap of $2.06 billion, a P/E ratio of 24.70, a PEG ratio of 1.67 and a beta of 0.85. The company has a fifty day simple moving average of $111.72 and a 200 day simple moving average of $107.62. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. Addus HomeCare Corporation has a twelve month low of $88.96 and a twelve month high of $136.72.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. Addus HomeCare had a return on equity of 9.39% and a net margin of 6.51%.The company had revenue of $349.44 million for the quarter, compared to analyst estimates of $345.71 million. During the same quarter last year, the firm earned $1.35 EPS. Addus HomeCare's revenue for the quarter was up 21.8% compared to the same quarter last year. Research analysts expect that Addus HomeCare Corporation will post 4.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ADUS shares. Wall Street Zen raised Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Royal Bank Of Canada raised their price objective on Addus HomeCare from $133.00 to $134.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. UBS Group started coverage on Addus HomeCare in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $145.00 price objective on the stock. Macquarie reissued an "outperform" rating and issued a $133.00 price objective on shares of Addus HomeCare in a research note on Tuesday, June 10th. Finally, TD Cowen raised their price objective on Addus HomeCare from $135.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $138.89.

Insider Activity at Addus HomeCare

In related news, Director Veronica Hill-Milbourne sold 1,571 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $114.93, for a total value of $180,555.03. Following the sale, the director owned 5,067 shares of the company's stock, valued at $582,350.31. The trade was a 23.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $114.95, for a total value of $2,873,750.00. Following the completion of the transaction, the chief executive officer owned 166,461 shares of the company's stock, valued at approximately $19,134,691.95. The trade was a 13.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,310 shares of company stock valued at $3,958,375 in the last 90 days. 4.50% of the stock is owned by corporate 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.