Addus HomeCare Co. (NASDAQ:ADUS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 16.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,630 shares of the company's stock after selling 13,392 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.40% of Addus HomeCare worth $6,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Addus HomeCare by 12.3% during the 1st quarter. JPMorgan Chase & Co. now owns 19,005 shares of the company's stock valued at $1,773,000 after purchasing an additional 2,080 shares during the last quarter. US Bancorp DE increased its position in shares of Addus HomeCare by 335.3% during the 1st quarter. US Bancorp DE now owns 3,744 shares of the company's stock valued at $349,000 after purchasing an additional 2,884 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Addus HomeCare by 59.9% during the 1st quarter. MetLife Investment Management LLC now owns 8,394 shares of the company's stock valued at $783,000 after purchasing an additional 3,146 shares during the last quarter. Rhumbline Advisers increased its position in shares of Addus HomeCare by 2.9% during the 1st quarter. Rhumbline Advisers now owns 42,780 shares of the company's stock valued at $3,991,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Addus HomeCare by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,731 shares of the company's stock valued at $1,281,000 after purchasing an additional 1,693 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Oppenheimer reaffirmed an "outperform" rating and set a $118.00 target price on shares of Addus HomeCare in a research report on Tuesday, March 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $102.00 price objective on shares of Addus HomeCare in a report on Thursday, February 29th. TheStreet raised Addus HomeCare from a "c+" rating to a "b-" rating in a report on Friday, December 22nd. William Blair reissued an "outperform" rating on shares of Addus HomeCare in a report on Monday, February 5th. Finally, Barclays initiated coverage on Addus HomeCare in a report on Wednesday, March 6th. They issued an "equal weight" rating and a $88.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.83.

Addus HomeCare Price Performance

Shares of NASDAQ ADUS traded down $1.43 during midday trading on Friday, hitting $97.85. 64,825 shares of the company's stock were exchanged, compared to its average volume of 107,832. Addus HomeCare Co. has a 12-month low of $77.30 and a 12-month high of $114.97. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.93 and a beta of 0.96. The business's fifty day moving average price is $96.89 and its two-hundred day moving average price is $90.97.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. Addus HomeCare had a return on equity of 9.70% and a net margin of 5.91%. The company had revenue of $276.35 million during the quarter, compared to analyst estimates of $274.02 million. As a group, research analysts forecast that Addus HomeCare Co. will post 4.38 EPS for the current fiscal year.

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.