Strs Ohio purchased a new position in Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,800 shares of the company’s stock, valued at approximately $361,000.
A number of other large investors have also bought and sold shares of ADUS. Assetmark Inc. grew its holdings in Addus HomeCare by 110.1% in the second quarter. Assetmark Inc. now owns 374 shares of the company’s stock worth $31,000 after purchasing an additional 196 shares during the period. UMB Bank n.a. grew its holdings in Addus HomeCare by 321.5% in the third quarter. UMB Bank n.a. now owns 333 shares of the company’s stock worth $32,000 after purchasing an additional 254 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Addus HomeCare in the second quarter worth $41,000. Heritage Wealth Management LLC acquired a new stake in Addus HomeCare in the second quarter worth $76,000. Finally, KBC Group NV acquired a new stake in Addus HomeCare in the second quarter worth $112,000. 97.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Addus HomeCare
In related news, EVP Michael D. Wattenbarger sold 377 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $103.54, for a total transaction of $39,034.58. Following the transaction, the executive vice president now directly owns 6,387 shares of the company’s stock, valued at $661,309.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 377 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $103.54, for a total value of $39,034.58. Following the transaction, the executive vice president now directly owns 6,387 shares in the company, valued at $661,309.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO R Dirk Allison sold 12,500 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $109.67, for a total transaction of $1,370,875.00. Following the transaction, the chief executive officer now directly owns 68,054 shares of the company’s stock, valued at $7,463,482.18. The disclosure for this sale can be found here. Insiders have sold 32,714 shares of company stock valued at $3,524,933 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.
Analyst Ratings Changes
Addus HomeCare Stock Up 1.5 %
ADUS opened at $106.99 on Friday. 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’s 50-day moving average is $104.38 and its 200 day moving average is $98.61. Addus HomeCare Co. has a fifty-two week low of $68.57 and a fifty-two week high of $112.89. The firm has a market capitalization of $1.72 billion, a P/E ratio of 38.91, a PEG ratio of 2.64 and a beta of 0.82.
Addus HomeCare (NASDAQ:ADUS – Get Rating) last released its quarterly earnings results on Monday, October 31st. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Addus HomeCare had a net margin of 4.77% and a return on equity of 8.46%. The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $242.21 million. During the same period in the previous year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts expect that Addus HomeCare Co. will post 3.12 earnings per share for the current fiscal year.
About Addus HomeCare
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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