Parametric Portfolio Associates LLC Buys Shares of 11,304 Addus HomeCare Corporation (ADUS)
Parametric Portfolio Associates LLC bought a new stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,304 shares of the company’s stock, valued at approximately $421,000. Parametric Portfolio Associates LLC owned about 0.10% of Addus HomeCare at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. American International Group Inc. boosted its stake in Addus HomeCare by 7.0% during the 1st quarter. American International Group Inc. now owns 4,548 shares of the company’s stock valued at $146,000 after purchasing an additional 299 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Addus HomeCare during the 2nd quarter valued at $201,000. Nordea Investment Management AB bought a new position in shares of Addus HomeCare during the 2nd quarter valued at $201,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Addus HomeCare during the 2nd quarter valued at $264,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Addus HomeCare during the 1st quarter valued at $238,000. Institutional investors and hedge funds own 94.61% of the company’s stock.
Several equities analysts have recently weighed in on ADUS shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $45.00 price target on shares of Addus HomeCare in a report on Tuesday, August 29th. ValuEngine raised Addus HomeCare from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised Addus HomeCare from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, August 17th. Robert W. Baird reissued a “hold” rating and set a $40.00 price target on shares of Addus HomeCare in a report on Thursday, August 24th. Finally, BidaskClub cut Addus HomeCare from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Addus HomeCare has an average rating of “Hold” and a consensus target price of $41.33.
Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, November 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $108.99 million. Addus HomeCare had a return on equity of 10.35% and a net margin of 4.30%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. sell-side analysts predict that Addus HomeCare Corporation will post 1.42 earnings per share for the current fiscal year.
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Addus HomeCare Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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