Arizona State Retirement System Grows Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Arizona State Retirement System grew its holdings in Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,537 shares of the company’s stock after purchasing an additional 170 shares during the period. Arizona State Retirement System’s holdings in Addus HomeCare were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADUS. JPMorgan Chase & Co. increased its stake in Addus HomeCare by 12.3% in the first quarter. JPMorgan Chase & Co. now owns 19,005 shares of the company’s stock worth $1,773,000 after purchasing an additional 2,080 shares during the period. US Bancorp DE increased its stake in Addus HomeCare by 335.3% in the first quarter. US Bancorp DE now owns 3,744 shares of the company’s stock worth $349,000 after purchasing an additional 2,884 shares during the period. MetLife Investment Management LLC increased its stake in Addus HomeCare by 59.9% in the first quarter. MetLife Investment Management LLC now owns 8,394 shares of the company’s stock worth $783,000 after purchasing an additional 3,146 shares during the period. Rhumbline Advisers increased its stake in Addus HomeCare by 2.9% in the first quarter. Rhumbline Advisers now owns 42,780 shares of the company’s stock worth $3,991,000 after purchasing an additional 1,214 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Addus HomeCare by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,731 shares of the company’s stock valued at $1,281,000 after buying an additional 1,693 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.

Addus HomeCare Price Performance

Shares of ADUS stock opened at $88.59 on Friday. Addus HomeCare Co. has a 1-year low of $73.65 and a 1-year high of $114.99. The stock’s 50-day moving average is $99.57 and its 200 day moving average is $103.41. The company has a market cap of $1.44 billion, a P/E ratio of 28.58, a PEG ratio of 2.08 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68.

Addus HomeCare (NASDAQ:ADUS – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The business had revenue of $247.05 million during the quarter, compared to the consensus estimate of $246.60 million. Addus HomeCare had a return on equity of 8.87% and a net margin of 5.15%. Research analysts predict that Addus HomeCare Co. will post 3.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Addus HomeCare news, CFO Brian Poff sold 1,297 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $104.30, for a total value of $135,277.10. Following the completion of the sale, the chief financial officer now owns 27,872 shares of the company’s stock, valued at $2,907,049.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Brian Poff sold 1,297 shares of Addus HomeCare stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $104.30, for a total transaction of $135,277.10. Following the completion of the sale, the chief financial officer now owns 27,872 shares of the company’s stock, valued at $2,907,049.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Dirk Allison sold 3,665 shares of Addus HomeCare stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $104.30, for a total value of $382,259.50. Following the sale, the chief executive officer now directly owns 82,316 shares of the company’s stock, valued at approximately $8,585,558.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,142 shares of company stock valued at $1,151,884. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on ADUS. Royal Bank of Canada cut their price target on Addus HomeCare from $123.00 to $109.00 in a research note on Wednesday, May 3rd. StockNews.com lowered Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stephens restated an “overweight” rating and set a $123.00 price target on shares of Addus HomeCare in a research note on Wednesday, April 5th. Finally, Oppenheimer cut their price target on Addus HomeCare from $130.00 to $118.00 in a research note on Wednesday, May 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Addus HomeCare presently has an average rating of “Buy” and an average target price of $112.75.

Addus HomeCare Company Profile

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Addus HomeCare Corp. engages in the provision of in-home personal care services. It operates through the following segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled.