State Street Corp Raises Holdings in Addus HomeCare Corporation (ADUS)
State Street Corp lifted its holdings in Addus HomeCare Corporation (NASDAQ:ADUS) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,306 shares of the company’s stock after buying an additional 13,788 shares during the quarter. State Street Corp owned approximately 1.07% of Addus HomeCare worth $4,549,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in ADUS. Russell Investments Group Ltd. grew its position in shares of Addus HomeCare by 831.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 300,101 shares of the company’s stock worth $11,165,000 after buying an additional 267,896 shares during the period. Timpani Capital Management LLC grew its position in shares of Addus HomeCare by 325.5% in the 2nd quarter. Timpani Capital Management LLC now owns 98,370 shares of the company’s stock worth $3,659,000 after buying an additional 75,254 shares during the period. Renaissance Technologies LLC grew its position in shares of Addus HomeCare by 363.4% in the 1st quarter. Renaissance Technologies LLC now owns 57,000 shares of the company’s stock worth $1,824,000 after buying an additional 44,700 shares during the period. AJO LP grew its position in shares of Addus HomeCare by 83.9% in the 2nd quarter. AJO LP now owns 95,277 shares of the company’s stock worth $3,544,000 after buying an additional 43,475 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Addus HomeCare by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 867,298 shares of the company’s stock worth $32,264,000 after buying an additional 42,304 shares during the period. 92.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on ADUS. Zacks Investment Research downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Robert W. Baird reissued a “hold” rating and set a $40.00 price objective on shares of Addus HomeCare in a research report on Thursday, August 24th. Finally, Oppenheimer reissued a “buy” rating and set a $45.00 price objective on shares of Addus HomeCare in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Addus HomeCare presently has a consensus rating of “Hold” and a consensus price target of $41.33.
Shares of Addus HomeCare Corporation (NASDAQ ADUS) opened at $31.85 on Thursday. Addus HomeCare Corporation has a 1 year low of $29.90 and a 1 year high of $40.75. The company has a market cap of $388.50, a PE ratio of 22.57, a P/E/G ratio of 1.56 and a beta of 0.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68.
Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Addus HomeCare had a net margin of 4.30% and a return on equity of 10.35%. The company had revenue of $108.60 million for the quarter, compared to the consensus estimate of $108.99 million. During the same period in the prior year, the firm posted $0.39 EPS. Addus HomeCare’s revenue for the quarter was up 4.9% on a year-over-year basis. equities analysts predict that Addus HomeCare Corporation will post 1.42 earnings per share for the current fiscal year.
Addus HomeCare 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.
Receive News & Ratings for Addus HomeCare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus HomeCare Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.