Addus HomeCare Corporation (ADUS) Shares Bought by Cortina Asset Management LLC
Cortina Asset Management LLC lifted its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,003 shares of the company’s stock after purchasing an additional 68,010 shares during the period. Cortina Asset Management LLC owned 5.24% of Addus HomeCare Corporation worth $21,498,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ADUS. American International Group Inc. boosted its position in shares of Addus HomeCare Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 4,548 shares of the company’s stock valued at $146,000 after purchasing an additional 299 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Addus HomeCare Corporation in the second quarter worth approximately $201,000. Nordea Investment Management AB bought a new position in Addus HomeCare Corporation in the second quarter worth approximately $201,000. First Trust Advisors LP bought a new position in Addus HomeCare Corporation in the third quarter worth approximately $207,000. Finally, Eqis Capital Management Inc. bought a new position in Addus HomeCare Corporation in the third quarter worth approximately $218,000. Institutional investors own 94.61% of the company’s stock.
Shares of Addus HomeCare Corporation (NASDAQ:ADUS) traded down $0.05 on Monday, hitting $33.35. The company had a trading volume of 29,300 shares, compared to its average volume of 40,116. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $387.68, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.19. Addus HomeCare Corporation has a one year low of $29.90 and a one year high of $40.75.
Addus HomeCare Corporation (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $108.60 million during the quarter, compared to the consensus estimate of $108.99 million. Addus HomeCare Corporation had a return on equity of 10.35% and a net margin of 4.30%. Addus HomeCare Corporation’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. sell-side analysts anticipate that Addus HomeCare Corporation will post 1.42 EPS for the current year.
Several analysts have recently commented on ADUS shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $45.00 price objective on shares of Addus HomeCare Corporation in a research note on Tuesday, August 29th. ValuEngine raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, August 17th. Finally, Robert W. Baird reissued a “hold” rating and issued a $40.00 price objective on shares of Addus HomeCare Corporation in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.33.
About Addus HomeCare Corporation
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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