Addus Homecare Co. (NASDAQ:ADUS) Holdings Lessened by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. trimmed its holdings in Addus Homecare Co. (NASDAQ:ADUS) by 3.3% during the first quarter, HoldingsChannel reports. The firm owned 202,752 shares of the company’s stock after selling 7,001 shares during the period. Addus Homecare makes up about 1.1% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 17th biggest holding. Punch & Associates Investment Management Inc.’s holdings in Addus Homecare were worth $12,893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in shares of Addus Homecare by 5.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 3,316 shares of the company’s stock valued at $225,000 after acquiring an additional 182 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Addus Homecare by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 3,902 shares of the company’s stock valued at $248,000 after acquiring an additional 192 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Addus Homecare by 1.1% in the 1st quarter. First Trust Advisors LP now owns 18,513 shares of the company’s stock valued at $1,177,000 after acquiring an additional 197 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Addus Homecare by 58.9% in the 1st quarter. Bank of Montreal Can now owns 545 shares of the company’s stock valued at $35,000 after acquiring an additional 202 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of Addus Homecare by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 6,848 shares of the company’s stock valued at $435,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 99.00% of the company’s stock.

A number of equities research analysts have recently weighed in on ADUS shares. BidaskClub downgraded Addus Homecare from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded Addus Homecare from a “sell” rating to a “buy” rating and set a $73.00 price target for the company in a report on Monday, April 8th. Raymond James boosted their price target on Addus Homecare from $75.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday. Finally, ValuEngine downgraded Addus Homecare from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $77.88.

ADUS traded up $0.29 during trading on Friday, reaching $72.51. 1,008 shares of the company were exchanged, compared to its average volume of 85,768. The company has a market cap of $923.44 million, a P/E ratio of 42.87, a PEG ratio of 2.17 and a beta of -0.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.87 and a quick ratio of 2.87. Addus Homecare Co. has a 52 week low of $55.25 and a 52 week high of $77.82.

Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $139.25 million during the quarter, compared to the consensus estimate of $139.37 million. Addus Homecare had a return on equity of 8.95% and a net margin of 3.20%. As a group, research analysts anticipate that Addus Homecare Co. will post 2.08 earnings per share for the current year.

In related news, Director Mark L. First sold 440,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $74.08, for a total transaction of $32,595,200.00. Following the completion of the transaction, the director now directly owns 19,151 shares in the company, valued at approximately $1,418,706.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Poff sold 814 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $67.96, for a total value of $55,319.44. Following the transaction, the chief financial officer now owns 18,241 shares of the company’s stock, valued at $1,239,658.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 461,347 shares of company stock valued at $34,096,271. 34.80% of the stock is owned by company insiders.

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Addus Homecare Profile

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Institutional Ownership by Quarter for Addus Homecare (NASDAQ:ADUS)

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