Premier Fund Managers Ltd Makes New $726,000 Investment in Addus HomeCare Corporation (NASDAQ:ADUS)

Premier Fund Managers Ltd bought a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,457 shares of the company’s stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Natixis increased its position in Addus HomeCare by 111.9% in the 4th quarter. Natixis now owns 250 shares of the company’s stock valued at $31,000 after acquiring an additional 132 shares during the period. Meeder Asset Management Inc. acquired a new position in Addus HomeCare in the 4th quarter valued at approximately $77,000. Bailard Inc. acquired a new position in Addus HomeCare in the 1st quarter valued at approximately $208,000. Heritage Family Offices LLP increased its position in Addus HomeCare by 6.3% in the 1st quarter. Heritage Family Offices LLP now owns 2,417 shares of the company’s stock valued at $239,000 after acquiring an additional 143 shares during the period. Finally, Private Advisor Group LLC increased its position in Addus HomeCare by 52.4% in the 1st quarter. Private Advisor Group LLC now owns 2,546 shares of the company’s stock valued at $252,000 after acquiring an additional 875 shares during the period. Institutional investors own 95.35% of the company’s stock.

Addus HomeCare Trading Down 1.1%

NASDAQ:ADUS opened at $107.89 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.55 and a beta of 0.81. The firm has a fifty day simple moving average of $112.28 and a two-hundred day simple moving average of $109.10. Addus HomeCare Corporation has a 12 month low of $88.96 and a 12 month high of $136.72.

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

Wall Street Analysts Forecast Growth

ADUS has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of Addus HomeCare in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Sunday, June 29th. Finally, Macquarie reiterated an “outperform” rating and set a $133.00 price objective on shares of Addus HomeCare in a research report on Tuesday, June 10th. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Addus HomeCare currently has an average rating of “Buy” and an average target price of $142.57.

Insider Buying and Selling

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 2,045 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 7,796 shares in the company, valued at approximately $896,540. This trade represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.60% of the company’s stock.

Addus HomeCare 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.