Addus HomeCare Corporation (NASDAQ:ADUS) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,258 shares of the company’s stock after selling 399 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of Addus HomeCare worth $916,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Natixis increased its stake in shares of Addus HomeCare by 111.9% during the fourth quarter. Natixis now owns 250 shares of the company’s stock valued at $31,000 after acquiring an additional 132 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Addus HomeCare by 324.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $35,000 after buying an additional 214 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Addus HomeCare during the fourth quarter worth approximately $77,000. Harvest Fund Management Co. Ltd bought a new stake in Addus HomeCare during the fourth quarter worth approximately $86,000. Finally, Cibc World Markets Corp bought a new stake in Addus HomeCare during the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ADUS has been the subject of a number of research reports. JMP Securities restated a “market outperform” rating and set a $150.00 target price on shares of Addus HomeCare in a report on Friday, June 20th. Wall Street Zen upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a report on Sunday. Macquarie restated an “outperform” rating and set a $133.00 target price on shares of Addus HomeCare in a report on Tuesday, June 10th. Finally, Stephens restated an “overweight” rating and set a $142.00 target price on shares of Addus HomeCare in a report on Wednesday, March 12th. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Addus HomeCare presently has a consensus rating of “Buy” and a consensus price target of $142.57.

Insider Buying and Selling

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total value of $235,175.00. Following the completion of the transaction, the executive vice president owned 7,796 shares of the company’s stock, valued at approximately $896,540. This trade represents a 20.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Addus HomeCare Trading Down 1.9%

Addus HomeCare stock opened at $112.95 on Wednesday. The company has a 50 day moving average price of $110.90 and a 200 day moving average price of $111.53. Addus HomeCare Corporation has a 52 week low of $88.96 and a 52 week high of $136.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.63 and a beta of 0.81.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Addus HomeCare had a net margin of 6.52% and a return on equity of 9.23%. The firm had revenue of $337.71 million during the quarter, compared to analyst estimates of $341.66 million. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 20.3% on a year-over-year basis. Research analysts forecast that Addus HomeCare Corporation will post 4.59 EPS for the current year.

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.