SG Americas Securities LLC lifted its position in Addus Homecare Co. (NASDAQ:ADUS) by 263.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,844 shares of the company’s stock after purchasing an additional 7,139 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Addus Homecare worth $911,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Addus Homecare during the second quarter worth about $540,000. Icon Wealth Partners LLC purchased a new position in Addus Homecare during the second quarter worth about $213,000. State Street Corp boosted its stake in Addus Homecare by 9.8% during the first quarter. State Street Corp now owns 411,643 shares of the company’s stock worth $27,827,000 after buying an additional 36,574 shares during the period. Royal Bank of Canada boosted its stake in Addus Homecare by 30.2% during the first quarter. Royal Bank of Canada now owns 201,148 shares of the company’s stock worth $13,597,000 after buying an additional 46,624 shares during the period. Finally, State of Tennessee Treasury Department boosted its stake in Addus Homecare by 39.5% during the first quarter. State of Tennessee Treasury Department now owns 6,202 shares of the company’s stock worth $419,000 after buying an additional 1,757 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on ADUS shares. Zacks Investment Research raised shares of Addus Homecare from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Tuesday, July 7th. BidaskClub raised shares of Addus Homecare from a “strong sell” rating to a “sell” rating in a research note on Friday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $98.00 target price on shares of Addus Homecare in a research note on Monday, April 20th. Sidoti increased their price target on shares of Addus Homecare from $96.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Robert W. Baird increased their price target on shares of Addus Homecare from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $99.75.
In related news, EVP Darby Anderson sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $98.90, for a total value of $593,400.00. Following the sale, the executive vice president now owns 32,064 shares of the company’s stock, valued at $3,171,129.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 20.10% of the stock is owned by company insiders.
Shares of ADUS opened at $96.41 on Friday. The stock has a market capitalization of $1.50 billion, a PE ratio of 50.31, a P/E/G ratio of 2.67 and a beta of 0.49. Addus Homecare Co. has a 1 year low of $43.13 and a 1 year high of $104.56. The company’s 50-day simple moving average is $91.63 and its 200-day simple moving average is $86.93.
Addus Homecare (NASDAQ:ADUS) last issued its earnings results on Monday, May 4th. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.13. The firm had revenue of $190.20 million during the quarter, compared to analyst estimates of $181.08 million. On average, equities research analysts forecast that Addus Homecare Co. will post 2.43 EPS for the current year.
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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