Addus HomeCare Co. (NASDAQ:ADUS) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in Addus HomeCare Co. (NASDAQ:ADUS) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,238 shares of the company’s stock after selling 490 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Addus HomeCare were worth $858,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in Addus HomeCare by 2.9% during the 3rd quarter. Hsbc Holdings PLC now owns 41,578 shares of the company’s stock worth $3,542,000 after buying an additional 1,177 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Addus HomeCare by 61.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 46,239 shares of the company’s stock valued at $3,939,000 after buying an additional 17,630 shares during the last quarter. Vanguard Group Inc. grew 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 buying an additional 57,040 shares during the last quarter. Cetera Trust Company N.A purchased a new position in shares of Addus HomeCare in the 4th quarter valued at $219,000. Finally, TimesSquare Capital Management LLC grew its position in shares of Addus HomeCare by 55.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 233,758 shares of the company’s stock valued at $19,914,000 after buying an additional 82,920 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Addus HomeCare in a research report on Monday, February 5th. Barclays downgraded shares of Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price objective on the stock. in a research report on Tuesday, April 23rd. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $102.00 price objective on shares of Addus HomeCare in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Addus HomeCare Stock Up 3.1 %

Shares of NASDAQ ADUS opened at $94.54 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Addus HomeCare Co. has a 52 week low of $77.30 and a 52 week high of $114.97. The firm has a 50-day moving average price of $97.69 and a 200 day moving average price of $91.79. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

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

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.