Teacher Retirement System of Texas Reduces Stock Position in Addus HomeCare Corporation $ADUS

Teacher Retirement System of Texas lessened its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 15.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,064 shares of the company’s stock after selling 9,138 shares during the quarter. Teacher Retirement System of Texas owned 0.27% of Addus HomeCare worth $5,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADUS. Nuveen LLC purchased a new position in Addus HomeCare during the 1st quarter worth approximately $16,155,000. Wellington Management Group LLP increased its stake in shares of Addus HomeCare by 25.8% in the first quarter. Wellington Management Group LLP now owns 471,935 shares of the company’s stock worth $46,670,000 after acquiring an additional 96,823 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Addus HomeCare by 1,229.4% in the first quarter. Allianz Asset Management GmbH now owns 100,898 shares of the company’s stock worth $9,978,000 after acquiring an additional 93,308 shares during the period. Leeward Investments LLC MA acquired a new stake in shares of Addus HomeCare in the second quarter worth $9,152,000. Finally, Principal Financial Group Inc. boosted its holdings in Addus HomeCare by 18.3% in the first quarter. Principal Financial Group Inc. now owns 475,818 shares of the company’s stock valued at $47,054,000 after purchasing an additional 73,720 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ADUS. Stephens reaffirmed an “overweight” rating and issued a $140.00 price target on shares of Addus HomeCare in a report on Wednesday, September 3rd. Barclays lifted their price target on Addus HomeCare from $83.00 to $109.00 and gave the company an “underweight” rating in a research report on Tuesday, August 19th. Royal Bank Of Canada lifted their price target on Addus HomeCare from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. UBS Group assumed coverage on shares of Addus HomeCare in a research note on Tuesday, September 2nd. They set a “buy” rating and a $145.00 price objective on the stock. Finally, TD Cowen raised their price objective on shares of Addus HomeCare from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.50.

Insiders Place Their Bets

In other news, EVP Brian Poff sold 7,739 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $116.82, for a total transaction of $904,069.98. Following the completion of the sale, the executive vice president owned 56,980 shares of the company’s stock, valued at $6,656,403.60. The trade was a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Veronica Hill-Milbourne sold 1,571 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $114.93, for a total transaction of $180,555.03. Following the sale, the director directly owned 5,067 shares of the company’s stock, valued at $582,350.31. This represents a 23.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,310 shares of company stock worth $3,958,375. Company insiders own 4.50% of the company’s stock.

Addus HomeCare Stock Down 3.9%

Shares of ADUS opened at $117.93 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. Addus HomeCare Corporation has a 12 month low of $88.96 and a 12 month high of $136.72. The stock’s 50 day moving average is $115.31 and its two-hundred day moving average is $111.94. The firm has a market cap of $2.17 billion, a P/E ratio of 26.03, a PEG ratio of 1.87 and a beta of 0.86.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results on Monday, August 4th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. Addus HomeCare had a return on equity of 9.39% and a net margin of 6.51%.The firm had revenue of $349.44 million for the quarter, compared to analyst estimates of $345.71 million. During the same quarter last year, the firm posted $1.35 EPS. The business’s revenue was up 21.8% on a year-over-year basis. Analysts predict that Addus HomeCare Corporation will post 4.59 earnings per share for the current fiscal year.

About Addus HomeCare

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.