State of Alaska Department of Revenue Cuts Holdings in Addus HomeCare Corporation (NASDAQ:ADUS)

State of Alaska Department of Revenue decreased its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,936 shares of the company’s stock after selling 223 shares during the period. State of Alaska Department of Revenue owned 0.05% of Addus HomeCare worth $982,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ADUS. Natixis increased its holdings in Addus HomeCare by 111.9% during the 4th quarter. Natixis now owns 250 shares of the company’s stock worth $31,000 after acquiring an additional 132 shares during the period. Smartleaf Asset Management LLC raised its holdings in Addus HomeCare by 324.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $35,000 after buying an additional 214 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Addus HomeCare by 38.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Addus HomeCare in the 4th quarter worth $77,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Addus HomeCare in the 4th quarter worth about $86,000. Institutional investors own 95.35% of the company’s stock.

Insider Activity

In other news, EVP Michael D. Wattenbarger sold 2,045 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total transaction of $235,175.00. Following the completion of the sale, the executive vice president now directly owns 7,796 shares of the company’s stock, valued at approximately $896,540. The trade was a 20.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ADUS. Macquarie reissued an “outperform” rating and set a $133.00 price objective on shares of Addus HomeCare in a research report on Tuesday, June 10th. Stephens reissued an “overweight” rating and issued a $142.00 price objective on shares of Addus HomeCare in a report on Wednesday, March 12th. Wall Street Zen downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of Addus HomeCare in a research report on Friday, June 20th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $142.57.

Addus HomeCare Trading Up 2.0%

ADUS stock opened at $115.64 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.20. Addus HomeCare Corporation has a twelve month low of $88.96 and a twelve month high of $136.72. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.61 and a beta of 0.81. The firm’s fifty day simple moving average is $109.96 and its two-hundred day simple moving average is $111.78.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $337.71 million during the quarter, compared to analyst estimates of $341.66 million. Addus HomeCare had a net margin of 6.52% and a return on equity of 9.23%. The business’s revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 earnings per share. As a group, analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current 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.