Addus HomeCare Corporation (ADUS) Shares Bought by Cadence Capital Management LLC
Cadence Capital Management LLC increased its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,707 shares of the company’s stock after buying an additional 1,711 shares during the period. Cadence Capital Management LLC owned about 0.31% of Addus HomeCare worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Addus HomeCare by 5.1% during the second 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 in the last quarter. FMR LLC boosted its holdings in Addus HomeCare by 0.4% during the second quarter. FMR LLC now owns 707,448 shares of the company’s stock worth $26,317,000 after buying an additional 3,138 shares in the last quarter. Cortina Asset Management LLC boosted its holdings in Addus HomeCare by 12.6% during the third quarter. Cortina Asset Management LLC now owns 609,003 shares of the company’s stock worth $21,498,000 after buying an additional 68,010 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Addus HomeCare by 6.6% during the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after buying an additional 20,858 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Addus HomeCare by 0.9% during the third quarter. Russell Investments Group Ltd. now owns 302,730 shares of the company’s stock worth $10,686,000 after buying an additional 2,629 shares in the last quarter. 92.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on ADUS shares. BidaskClub downgraded shares of Addus HomeCare from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Addus HomeCare from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, August 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $40.00 price target on shares of Addus HomeCare in a report on Thursday, August 24th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $45.00 price target on shares of Addus HomeCare in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Addus HomeCare presently has an average rating of “Hold” and an average price target of $41.33.
Shares of Addus HomeCare Corporation (NASDAQ ADUS) opened at $33.15 on Friday. Addus HomeCare Corporation has a fifty-two week low of $29.90 and a fifty-two week high of $40.75. The stock has a market cap of $385.35, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.68 and a quick ratio of 2.68.
Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the 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 quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts expect that Addus HomeCare Corporation will post 1.42 EPS for the current fiscal year.
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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.
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