Oregon Public Employees Retirement Fund lifted its stake in shares of Addus Homecare Co. (NASDAQ:ADUS) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,457 shares of the company’s stock after acquiring an additional 150 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Addus Homecare were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System raised its position in shares of Addus Homecare by 1.2% during the second quarter. New York State Teachers Retirement System now owns 12,076 shares of the company’s stock worth $1,118,000 after acquiring an additional 144 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Addus Homecare during the second quarter worth about $90,000. SG Americas Securities LLC raised its position in shares of Addus Homecare by 263.9% during the second quarter. SG Americas Securities LLC now owns 9,844 shares of the company’s stock worth $911,000 after acquiring an additional 7,139 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Addus Homecare during the second quarter worth about $540,000. Finally, Icon Wealth Partners LLC bought a new position in shares of Addus Homecare during the second quarter worth about $213,000. Institutional investors own 95.86% of the company’s stock.
Shares of Addus Homecare stock opened at $96.41 on Friday. Addus Homecare Co. has a 52 week low of $43.13 and a 52 week high of $104.56. The stock has a 50 day moving average price of $91.63 and a two-hundred day moving average price of $86.93. The stock has a market capitalization of $1.50 billion, a PE ratio of 50.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.49.
Addus Homecare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.13. The firm had revenue of $190.20 million during the quarter, compared to analyst estimates of $181.08 million. As a group, analysts expect that Addus Homecare Co. will post 2.43 earnings per share for the current fiscal year.
In other Addus Homecare news, EVP Darby Anderson sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $98.90, for a total value of $593,400.00. Following the completion of the sale, the executive vice president now owns 32,064 shares of the company’s stock, valued at $3,171,129.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.10% of the company’s stock.
A number of brokerages have recently issued reports on ADUS. BidaskClub upgraded Addus Homecare from a “strong sell” rating to a “sell” rating in a research report on Friday, July 24th. Robert W. Baird lifted their target price on Addus Homecare from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating and issued a $107.00 target price on shares of Addus Homecare in a report on Monday, May 4th. Sidoti lifted their target price on Addus Homecare from $96.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $98.00 target price on shares of Addus Homecare in a report on Monday, April 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $99.75.
About Addus Homecare
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.
Want to see what other hedge funds are holding ADUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Addus Homecare Co. (NASDAQ:ADUS).
Receive News & Ratings for Addus Homecare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus Homecare and related companies with MarketBeat.com's FREE daily email newsletter.