Cerity Partners LLC Grows Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Cerity Partners LLC boosted its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 15.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,129 shares of the company’s stock after purchasing an additional 9,578 shares during the quarter. Cerity Partners LLC’s holdings in Addus HomeCare were worth $6,604,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Morgan Stanley grew its position in shares of Addus HomeCare by 744.6% in the 4th quarter. Morgan Stanley now owns 907,193 shares of the company’s stock valued at $90,257,000 after buying an additional 799,785 shares during the last quarter. Eaton Vance Management grew its holdings in shares of Addus HomeCare by 20.9% during the first quarter. Eaton Vance Management now owns 754,080 shares of the company’s stock worth $70,348,000 after purchasing an additional 130,469 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Addus HomeCare by 55.0% during the third quarter. TimesSquare Capital Management LLC now owns 233,758 shares of the company’s stock worth $19,914,000 after purchasing an additional 82,920 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Addus HomeCare by 8,167.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 72,999 shares of the company’s stock valued at $6,767,000 after purchasing an additional 72,116 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Addus HomeCare by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,218,564 shares of the company’s stock valued at $103,809,000 after purchasing an additional 57,040 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Stock Down 1.1 %

Shares of Addus HomeCare stock opened at $96.73 on Tuesday. The company has a market cap of $1.57 billion, a P/E ratio of 25.19, a PEG ratio of 1.93 and a beta of 0.96. The firm has a fifty day moving average of $97.05 and a two-hundred day moving average of $91.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38. Addus HomeCare Co. has a one year low of $77.30 and a one year high of $114.97.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings results on Monday, February 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. Addus HomeCare had a net margin of 5.91% and a return on equity of 9.70%. The firm had revenue of $276.35 million during the quarter, compared to analysts’ expectations of $274.02 million. On average, analysts forecast that Addus HomeCare Co. will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADUS. Royal Bank of Canada reiterated an “outperform” rating and issued a $102.00 price objective on shares of Addus HomeCare in a research note on Thursday, February 29th. TheStreet upgraded shares of Addus HomeCare from a “c+” rating to a “b-” rating in a research report on Friday, December 22nd. Oppenheimer reissued an “outperform” rating and set a $118.00 price objective on shares of Addus HomeCare in a research report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Addus HomeCare in a report on Monday, February 5th. Finally, Barclays initiated coverage on shares of Addus HomeCare in a research note on Wednesday, March 6th. They set an “equal weight” rating and a $88.00 target price for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Addus HomeCare presently has an average rating of “Moderate Buy” and an average target price of $103.83.

Addus HomeCare Company 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. The company operates through three segments: Personal Care, Hospice, and Home Health.