Martingale Asset Management L P Makes New Investment in Addus HomeCare Co. (NASDAQ:ADUS)

Martingale Asset Management L P bought a new position in shares of Addus HomeCare Co. (NASDAQ:ADUSGet Rating) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,106 shares of the company’s stock, valued at approximately $842,000. Martingale Asset Management L P owned 0.06% of Addus HomeCare as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in Addus HomeCare by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 8,938 shares of the company’s stock worth $834,000 after purchasing an additional 159 shares during the period. Assetmark Inc. boosted its position in shares of Addus HomeCare by 110.1% in the second quarter. Assetmark Inc. now owns 374 shares of the company’s stock valued at $31,000 after acquiring an additional 196 shares during the period. Argent Capital Management LLC boosted its position in shares of Addus HomeCare by 3.1% in the second quarter. Argent Capital Management LLC now owns 7,295 shares of the company’s stock valued at $608,000 after acquiring an additional 222 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Addus HomeCare by 8.0% in the first quarter. Teacher Retirement System of Texas now owns 3,287 shares of the company’s stock valued at $307,000 after acquiring an additional 243 shares during the period. Finally, Laurel Wealth Advisors Inc. boosted its position in shares of Addus HomeCare by 3.3% in the first quarter. Laurel Wealth Advisors Inc. now owns 9,261 shares of the company’s stock valued at $864,000 after acquiring an additional 297 shares during the period. Institutional investors own 95.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ADUS shares. Royal Bank of Canada raised their price objective on shares of Addus HomeCare from $110.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, November 2nd. Oppenheimer cut their price objective on shares of Addus HomeCare from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Finally, StockNews.com lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $112.60.

Addus HomeCare Trading Up 0.1 %

Shares of Addus HomeCare stock opened at $107.21 on Monday. Addus HomeCare Co. has a 1 year low of $68.57 and a 1 year high of $112.11. The firm has a market cap of $1.73 billion, a PE ratio of 38.99, a PEG ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.87. The company has a 50 day simple moving average of $100.77 and a two-hundred day simple moving average of $91.93.

Addus HomeCare (NASDAQ:ADUSGet Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.94 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.94. Addus HomeCare had a net margin of 4.77% and a return on equity of 8.46%. The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $242.21 million. During the same period in the previous year, the business posted $0.80 earnings per share. Addus HomeCare’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts expect that Addus HomeCare Co. will post 3.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Addus HomeCare

In other Addus HomeCare news, EVP Darby Anderson sold 7,500 shares of Addus HomeCare stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $100.00, for a total transaction of $750,000.00. Following the completion of the sale, the executive vice president now directly owns 35,090 shares in the company, valued at $3,509,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO R Dirk Allison sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $100.00, for a total value of $1,250,000.00. Following the completion of the sale, the chief executive officer now directly owns 80,554 shares in the company, valued at approximately $8,055,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darby Anderson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $100.00, for a total transaction of $750,000.00. Following the completion of the sale, the executive vice president now owns 35,090 shares of the company’s stock, valued at $3,509,000. The disclosure for this sale can be found here. Insiders sold a total of 37,159 shares of company stock worth $3,873,558 over the last three months. 4.50% of the stock is owned by insiders.

Addus HomeCare Company Profile

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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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Institutional Ownership by Quarter for Addus HomeCare (NASDAQ:ADUS)

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