Addus HomeCare Corporation $ADUS Holdings Trimmed by Leeward Investments LLC MA

Leeward Investments LLC MA cut its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,565 shares of the company’s stock after selling 6,792 shares during the quarter. Leeward Investments LLC MA owned approximately 0.60% of Addus HomeCare worth $12,332,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADUS. BlackRock Inc. bought a new position in shares of Addus HomeCare during the 2nd quarter worth approximately $344,153,000. Dimensional Fund Advisors LP lifted its holdings in Addus HomeCare by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock worth $69,689,000 after acquiring an additional 78,415 shares during the period. Bank of America Corp DE bought a new stake in Addus HomeCare during the second quarter worth $35,527,000. TimesSquare Capital Management LLC purchased a new position in Addus HomeCare in the second quarter worth $31,502,000. Finally, Punch & Associates Investment Management Inc. purchased a new position in Addus HomeCare in the second quarter worth $20,911,000. 95.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADUS. Weiss Ratings raised Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Barclays boosted their price target on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. Citigroup lowered shares of Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. Raymond James Financial set a $137.00 price target on shares of Addus HomeCare in a research report on Monday, September 28th. Finally, Bank of America restated a “neutral” rating and set a $125.00 price objective (down from $140.00) on shares of Addus HomeCare in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.33.

Addus HomeCare Price Performance

Addus HomeCare stock opened at $121.81 on Monday. Addus HomeCare Corporation has a 12 month low of $87.95 and a 12 month high of $124.43. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $116.56 and its 200 day simple moving average is $106.46. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.73 and a beta of 0.83.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%. The business had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. During the same period in the prior year, the company earned $1.49 earnings per share. Addus HomeCare’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Addus HomeCare Corporation will post 6.33 EPS for the current year.

About Addus HomeCare

Addus HomeCare Inc (NASDAQ: ADUS) provides in-home personal care, hospice and home health services to older adults, people with disabilities and other individuals who need assistance with daily living or medical care. Its services are designed to help clients remain safely and independently in their homes while supporting families and caregivers.

The company’s personal care services include assistance with bathing, dressing, grooming, meal preparation, housekeeping and other activities of daily living.