Great Lakes Advisors LLC lifted its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS – Free Report) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 53,347 shares of the company’s stock after acquiring an additional 1,304 shares during the period. Great Lakes Advisors LLC’s holdings in Addus HomeCare were worth $4,945,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. grew its stake in shares of Addus HomeCare by 84.0% during the fourth quarter. Macquarie Group Ltd. now owns 287 shares of the company’s stock worth $29,000 after buying an additional 131 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Addus HomeCare during the 4th quarter worth $30,000. Point72 Hong Kong Ltd acquired a new position in Addus HomeCare in the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC raised its position in Addus HomeCare by 62.1% in the first quarter. Tower Research Capital LLC TRC now owns 457 shares of the company’s stock valued at $49,000 after purchasing an additional 175 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Addus HomeCare during the first quarter valued at about $54,000. 95.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on ADUS. Royal Bank of Canada lowered their price objective on Addus HomeCare from $109.00 to $102.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Oppenheimer reaffirmed an “outperform” rating and set a $118.00 price target on shares of Addus HomeCare in a research note on Wednesday, August 2nd. StockNews.com cut shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 1st. Raymond James raised their target price on Addus HomeCare from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Stephens reduced their price target on Addus HomeCare from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $107.50.
Addus HomeCare Price Performance
Shares of NASDAQ ADUS opened at $87.72 on Tuesday. The company has a market capitalization of $1.42 billion, a PE ratio of 24.71, a P/E/G ratio of 1.69 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. Addus HomeCare Co. has a twelve month low of $77.30 and a twelve month high of $114.99. The firm has a fifty day simple moving average of $83.43 and a 200 day simple moving average of $87.73.
Addus HomeCare (NASDAQ:ADUS – Get Free Report) last posted its quarterly earnings data on Monday, October 30th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. Addus HomeCare had a return on equity of 9.39% and a net margin of 5.61%. The firm had revenue of $270.72 million during the quarter, compared to analyst estimates of $266.17 million. On average, sell-side analysts forecast that Addus HomeCare Co. will post 3.87 EPS for the current year.
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. It operates through three segments: Personal Care, Hospice, and Home Health.
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