Addus HomeCare Corporation $ADUS Stock: Leeward Investments LLC MA Trims Position

Leeward Investments LLC MA trimmed its holdings in Addus HomeCare Corporation (NASDAQ:ADUS) by 5.7% in the third quarter, Holdings Channel reports. The institutional investor owned 111,565 shares of the company’s stock after selling 6,792 shares during the quarter. Leeward Investments LLC MA’s holdings in Addus HomeCare were worth $12,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of Addus HomeCare by 16.9% during the third quarter. Nisa Investment Advisors LLC now owns 769 shares of the company’s stock worth $85,000 after acquiring an additional 111 shares in the last quarter. Net Worth Advisory Group grew its position in shares of Addus HomeCare by 4.1% in the third quarter. Net Worth Advisory Group now owns 3,419 shares of the company’s stock valued at $382,000 after purchasing an additional 136 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Addus HomeCare by 98.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 11,710 shares of the company’s stock valued at $1,294,000 after purchasing an additional 5,805 shares during the period. ZWJ Investment Counsel Inc. bought a new stake in shares of Addus HomeCare during the 3rd quarter valued at $202,000. Finally, GAMMA Investing LLC lifted its holdings in Addus HomeCare by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,639 shares of the company’s stock worth $181,000 after purchasing an additional 251 shares in the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank Of Canada raised their target price on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Barclays upped their price target on Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. Weiss Ratings upgraded Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Citigroup downgraded shares of Addus HomeCare from a “market outperform” rating to a “neutral” rating in a report on Monday, September 14th. Finally, Bank of America restated a “neutral” rating and issued a $125.00 price objective (down from $140.00) on shares of Addus HomeCare in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.33.

Addus HomeCare Price Performance

ADUS opened at $121.81 on Monday. The company has a fifty day moving average price of $116.56 and a 200-day moving average price of $106.46. The firm has a market capitalization of $2.27 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.69. Addus HomeCare Corporation has a one year low of $87.95 and a one year high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.03. Addus HomeCare had a net margin of 7.13% and a return on equity of 9.96%. The firm had revenue of $377.41 million for the quarter, compared to analysts’ expectations of $376.24 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that Addus HomeCare Corporation will post 6.33 earnings per share for the current fiscal year.

About Addus HomeCare

Addus HomeCare Inc (NASDAQ: ADUS) provides in-home personal care, hospice and home health services to older adults, people with disabilities and other individuals who need assistance with daily living or medical care. Its services are designed to help clients remain safely and independently in their homes while supporting families and caregivers.

The company’s personal care services include assistance with bathing, dressing, grooming, meal preparation, housekeeping and other activities of daily living.