Addus HomeCare Corporation (NASDAQ:ADUS) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,234 shares of the company’s stock after selling 810 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Addus HomeCare were worth $518,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Natixis raised its stake in shares of Addus HomeCare by 111.9% during the 4th quarter. Natixis now owns 250 shares of the company’s stock worth $31,000 after buying an additional 132 shares during the period. Bailard Inc. acquired a new position in shares of Addus HomeCare during the 1st quarter worth approximately $208,000. EP Wealth Advisors LLC raised its stake in shares of Addus HomeCare by 17.8% during the 4th quarter. EP Wealth Advisors LLC now owns 2,202 shares of the company’s stock worth $276,000 after buying an additional 332 shares during the period. Armis Advisers LLC acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $295,000. Finally, Heritage Family Offices LLP raised its stake in shares of Addus HomeCare by 6.3% during the 1st quarter. Heritage Family Offices LLP now owns 2,417 shares of the company’s stock worth $239,000 after buying an additional 143 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Stock Down 2.1%

NASDAQ ADUS opened at $113.86 on Friday. The business has a fifty day moving average price of $111.87 and a 200 day moving average price of $107.55. Addus HomeCare Corporation has a one year low of $88.96 and a one year high of $136.72. 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 has a market cap of $2.10 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.77 and a beta of 0.80.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $349.44 million during the quarter, compared to the consensus estimate of $345.71 million. Addus HomeCare had a return on equity of 9.39% and a net margin of 6.51%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. Research analysts anticipate 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 research analyst reports. Macquarie reaffirmed an “outperform” rating and set a $133.00 target price on shares of Addus HomeCare in a research note on Tuesday, June 10th. Wall Street Zen upgraded Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Sunday, June 29th. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Addus HomeCare in a research note on Wednesday, July 16th. Finally, TD Cowen increased their price objective on Addus HomeCare from $135.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $142.86.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 2,045 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was 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 $896,540. This represents a 20.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.

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.