Addus HomeCare Corporation (NASDAQ:ADUS) Position Raised by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 831.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,101 shares of the company’s stock after buying an additional 267,896 shares during the period. Russell Investments Group Ltd.’s holdings in Addus HomeCare Corporation were worth $11,165,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. American International Group Inc. increased its position in shares of Addus HomeCare Corporation by 7.0% in the first quarter. American International Group Inc. now owns 4,548 shares of the company’s stock valued at $146,000 after buying an additional 299 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Addus HomeCare Corporation during the first quarter valued at about $160,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Addus HomeCare Corporation during the fourth quarter valued at about $215,000. Highbridge Capital Management LLC purchased a new position in shares of Addus HomeCare Corporation during the first quarter valued at about $238,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Addus HomeCare Corporation during the first quarter valued at about $238,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Addus HomeCare Corporation (NASDAQ ADUS) traded up 0.88% during trading on Monday, hitting $34.55. 13,931 shares of the company traded hands. The stock has a market cap of $396.29 million, a price-to-earnings ratio of 24.66 and a beta of 0.23. Addus HomeCare Corporation has a one year low of $18.57 and a one year high of $40.75. The firm has a 50 day moving average price of $36.73 and a 200-day moving average price of $35.23.
Addus HomeCare Corporation (NASDAQ:ADUS) last released its earnings results on Monday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $103.60 million for the quarter, compared to the consensus estimate of $104.39 million. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Analysts predict that Addus HomeCare Corporation will post $1.60 EPS for the current year.
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Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Addus HomeCare Corporation presently has an average rating of “Hold” and an average price target of $37.50.
In related news, insider Brenda A. Belger sold 689 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.15, for a total transaction of $26,285.35. Following the completion of the sale, the insider now directly owns 12,086 shares in the company, valued at $461,080.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brenda A. Belger sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $38.58, for a total transaction of $241,125.00. Following the sale, the insider now owns 17,331 shares of the company’s stock, valued at $668,629.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,939 shares of company stock worth $456,310. 35.80% of the stock is currently owned by insiders.
Addus HomeCare Corporation Company Profile
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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