Financial Management Professionals Inc. Has $31,000 Stake in Addus HomeCare Corporation $ADUS

Financial Management Professionals Inc. trimmed its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 62.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268 shares of the company’s stock after selling 442 shares during the period. Financial Management Professionals Inc.’s holdings in Addus HomeCare were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC increased its holdings in Addus HomeCare by 4.9% during the first quarter. WCM Investment Management LLC now owns 494,791 shares of the company’s stock worth $48,143,000 after buying an additional 23,176 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Addus HomeCare by 18.3% in the first quarter. Principal Financial Group Inc. now owns 475,818 shares of the company’s stock valued at $47,054,000 after purchasing an additional 73,720 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Addus HomeCare by 25.8% in the first quarter. Wellington Management Group LLP now owns 471,935 shares of the company’s stock valued at $46,670,000 after purchasing an additional 96,823 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Addus HomeCare by 19.8% in the first quarter. Invesco Ltd. now owns 414,705 shares of the company’s stock valued at $41,010,000 after purchasing an additional 68,585 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Addus HomeCare by 6.7% in the first quarter. Northern Trust Corp now owns 305,109 shares of the company’s stock valued at $30,172,000 after purchasing an additional 19,237 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on ADUS. UBS Group began coverage on shares of Addus HomeCare in a report on Tuesday, September 2nd. They issued a “buy” rating and a $145.00 price objective on the stock. Royal Bank Of Canada upped their price objective on shares of Addus HomeCare from $133.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Wall Street Zen upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. TD Cowen upped their price objective on shares of Addus HomeCare from $135.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Macquarie reiterated an “outperform” rating and issued a $133.00 price objective on shares of Addus HomeCare in a report on Tuesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $138.89.

Addus HomeCare Trading Up 1.9%

ADUS stock opened at $116.83 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 1.74. The company’s 50-day simple moving average is $112.04 and its 200 day simple moving average is $108.01. Addus HomeCare Corporation has a 52 week low of $88.96 and a 52 week high of $136.72. The company has a market capitalization of $2.15 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 4th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. Addus HomeCare had a net margin of 6.51% and a return on equity of 9.39%. The business had revenue of $349.44 million for the quarter, compared to the consensus estimate of $345.71 million. During the same period in the prior year, the company posted $1.35 earnings per share. Addus HomeCare’s revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current year.

Insider Activity at Addus HomeCare

In related news, EVP Brian Poff sold 7,739 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $116.82, for a total value of $904,069.98. Following the transaction, the executive vice president directly owned 56,980 shares in the company, valued at approximately $6,656,403.60. This represents a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Veronica Hill-Milbourne sold 1,571 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $114.93, for a total transaction of $180,555.03. Following the completion of the transaction, the director owned 5,067 shares in the company, valued at $582,350.31. This trade represents a 23.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,310 shares of company stock worth $3,958,375. Corporate insiders own 4.50% of the company’s stock.

About Addus HomeCare

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.