Addus HomeCare Corporation $ADUS Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC decreased its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 99.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 295 shares of the company’s stock after selling 85,161 shares during the period. NFJ Investment Group LLC’s holdings in Addus HomeCare were worth $32,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ADUS. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Addus HomeCare during the 4th quarter worth $1,522,000. Kennedy Capital Management LLC grew its stake in Addus HomeCare by 11.0% in the 4th quarter. Kennedy Capital Management LLC now owns 218,341 shares of the company’s stock valued at $23,448,000 after acquiring an additional 21,716 shares during the last quarter. Arax Advisory Partners grew its stake in Addus HomeCare by 95.8% in the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock valued at $30,000 after acquiring an additional 137 shares during the last quarter. Barclays PLC grew its stake in Addus HomeCare by 9.2% in the 4th quarter. Barclays PLC now owns 39,333 shares of the company’s stock valued at $4,224,000 after acquiring an additional 3,315 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Addus HomeCare in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Analysts Set New Price Targets

ADUS has been the topic of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Wednesday, February 25th. Barclays lowered their price objective on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Citizens Jmp reissued a “market outperform” rating and issued a $142.00 price objective on shares of Addus HomeCare in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.00.

Addus HomeCare Price Performance

Addus HomeCare stock opened at $93.28 on Monday. Addus HomeCare Corporation has a 12-month low of $87.95 and a 12-month high of $124.43. The stock has a market capitalization of $1.74 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.28 and a beta of 0.89. The firm’s 50-day moving average is $93.73 and its two-hundred day moving average is $103.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.83.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The company had revenue of $363.50 million for the quarter, compared to analysts’ expectations of $366.41 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.42 EPS. Equities analysts predict that Addus HomeCare Corporation will post 6.24 earnings per share for the current year.

Addus HomeCare Company Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.