Intech Investment Management LLC Sells 464 Shares of Addus HomeCare Corporation $ADUS

Intech Investment Management LLC trimmed its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 3.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,898 shares of the company’s stock after selling 464 shares during the period. Intech Investment Management LLC’s holdings in Addus HomeCare were worth $1,601,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Addus HomeCare by 0.3% during the second quarter. Nordea Investment Management AB now owns 36,159 shares of the company’s stock valued at $4,131,000 after acquiring an additional 111 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Addus HomeCare by 1.9% in the second quarter. Maryland State Retirement & Pension System now owns 5,335 shares of the company’s stock worth $615,000 after purchasing an additional 101 shares during the last quarter. Strs Ohio purchased a new position in Addus HomeCare during the 1st quarter valued at about $653,000. Harbor Capital Advisors Inc. raised its position in Addus HomeCare by 4.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 67,219 shares of the company’s stock valued at $7,743,000 after purchasing an additional 2,906 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Addus HomeCare by 4.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 60,699 shares of the company’s stock worth $6,992,000 after buying an additional 2,801 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Price Performance

Shares of ADUS opened at $112.70 on Friday. Addus HomeCare Corporation has a fifty-two week low of $88.96 and a fifty-two week high of $136.72. The firm’s 50-day simple moving average is $114.88 and its two-hundred day simple moving average is $113.23. The stock has a market cap of $2.08 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.87 and a beta of 0.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 1.74.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, November 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.03. The firm had revenue of $362.30 million during the quarter, compared to analyst estimates of $354.48 million. Addus HomeCare had a net margin of 6.51% and a return on equity of 9.39%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. Analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADUS has been the topic of several research analyst reports. UBS Group initiated coverage on Addus HomeCare in a research note on Tuesday, September 2nd. They set a “buy” rating and a $145.00 target price on the stock. Stephens reissued an “overweight” rating and set a $140.00 price objective on shares of Addus HomeCare in a research report on Wednesday, September 3rd. BMO Capital Markets began coverage on shares of Addus HomeCare in a report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Addus HomeCare has a consensus rating of “Moderate Buy” and an average target price of $137.11.

Insider Buying and Selling at Addus HomeCare

In other news, EVP Brian Poff sold 7,739 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $116.82, for a total value of $904,069.98. Following the sale, the executive vice president directly owned 56,980 shares of the company’s stock, 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, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total value of $2,180,000.00. Following the completion of the transaction, the executive vice president directly owned 44,144 shares of the company’s stock, valued at approximately $4,811,696. This represents a 31.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.50% of the company’s stock.

Addus HomeCare Company Profile

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.