MQS Management LLC Makes New $260,000 Investment in Addus HomeCare Corporation (NASDAQ:ADUS)

MQS Management LLC purchased a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,625 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors have also made changes to their positions in ADUS. Atria Investments Inc purchased a new position in Addus HomeCare in the 4th quarter valued at approximately $209,000. Proficio Capital Partners LLC acquired a new stake in Addus HomeCare in the fourth quarter valued at $1,933,000. Raymond James Financial Inc. purchased a new position in shares of Addus HomeCare in the fourth quarter valued at $6,637,000. Amundi raised its stake in shares of Addus HomeCare by 185.9% during the 4th quarter. Amundi now owns 9,008 shares of the company’s stock worth $1,139,000 after buying an additional 5,857 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Addus HomeCare by 10.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,343 shares of the company’s stock worth $1,046,000 after buying an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADUS. Macquarie restated an “outperform” rating and set a $133.00 target price on shares of Addus HomeCare in a research report on Tuesday, June 10th. Wall Street Zen upgraded Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Sunday, June 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $150.00 target price on shares of Addus HomeCare in a report on Friday, June 20th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $142.57.

Addus HomeCare Trading Up 0.7%

Shares of ADUS opened at $111.75 on Tuesday. Addus HomeCare Corporation has a fifty-two week low of $88.96 and a fifty-two week high of $136.72. The company has a market capitalization of $2.06 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.81. The stock has a fifty day moving average of $112.46 and a two-hundred day moving average of $110.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current ratio of 1.74.

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

Insider Buying and Selling at Addus HomeCare

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 7,796 shares of the company’s stock, valued at approximately $896,540. This represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.60% of the stock is currently owned by insiders.

Addus HomeCare 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.