PNC Financial Services Group Inc. lowered its position in shares of Addus Homecare Co. (NASDAQ:ADUS) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,930 shares of the company’s stock after selling 600 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Addus Homecare were worth $3,175,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System boosted its position in Addus Homecare by 430.0% in the 4th quarter. New York State Teachers Retirement System now owns 3,710 shares of the company’s stock valued at $252,000 after buying an additional 3,010 shares during the last quarter. Arizona State Retirement System purchased a new position in Addus Homecare in the 4th quarter valued at about $1,054,000. Rhumbline Advisers boosted its position in Addus Homecare by 243.5% in the 4th quarter. Rhumbline Advisers now owns 28,365 shares of the company’s stock valued at $1,925,000 after buying an additional 20,107 shares during the last quarter. SG Americas Securities LLC purchased a new position in Addus Homecare in the 4th quarter valued at about $151,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Addus Homecare by 5.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 3,316 shares of the company’s stock valued at $225,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 99.00% of the company’s stock.
A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Addus Homecare from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 23rd. Zacks Investment Research raised shares of Addus Homecare from a “hold” rating to a “strong-buy” rating and set a $79.00 price objective for the company in a research report on Monday, May 13th. Finally, ValuEngine cut shares of Addus Homecare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $77.13.
In related news, CFO Brian Poff sold 814 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $67.96, for a total transaction of $55,319.44. Following the sale, the chief financial officer now owns 18,241 shares in the company, valued at $1,239,658.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darby Anderson sold 533 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $64.45, for a total transaction of $34,351.85. Following the sale, the executive vice president now owns 28,392 shares in the company, valued at approximately $1,829,864.40. The disclosure for this sale can be found here. Insiders have sold 21,347 shares of company stock worth $1,501,071 in the last ninety days. Corporate insiders own 34.80% of the company’s stock.
Shares of ADUS stock traded down $0.97 during trading hours on Wednesday, hitting $69.02. 20,549 shares of the company were exchanged, compared to its average volume of 111,859. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.87 and a current ratio of 2.87. Addus Homecare Co. has a one year low of $55.25 and a one year high of $77.82. The stock has a market capitalization of $966.28 million, a price-to-earnings ratio of 40.84, a PEG ratio of 2.28 and a beta of -0.16.
Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Addus Homecare had a net margin of 3.20% and a return on equity of 8.95%. The business had revenue of $139.25 million for the quarter, compared to analysts’ expectations of $139.37 million. As a group, research analysts forecast that Addus Homecare Co. will post 2.08 EPS for the current year.
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Addus Homecare Profile
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.
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