Intech Investment Management LLC Buys New Shares in Addus HomeCare Co. (NASDAQ:ADUS)

Intech Investment Management LLC bought a new stake in shares of Addus HomeCare Co. (NASDAQ:ADUS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,112 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank grew its holdings in shares of Addus HomeCare by 8.4% during the 2nd quarter. Amalgamated Bank now owns 5,330 shares of the company’s stock valued at $619,000 after purchasing an additional 412 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Addus HomeCare by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 714,253 shares of the company’s stock valued at $82,930,000 after purchasing an additional 5,421 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Addus HomeCare by 90.6% during the 2nd quarter. American Century Companies Inc. now owns 18,393 shares of the company’s stock valued at $2,136,000 after purchasing an additional 8,743 shares during the last quarter. Van Hulzen Asset Management LLC grew its holdings in shares of Addus HomeCare by 5.4% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 30,175 shares of the company’s stock valued at $3,504,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Addus HomeCare by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock valued at $1,636,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $141.00 price target on shares of Addus HomeCare in a report on Tuesday, September 3rd. Oppenheimer raised their price target on shares of Addus HomeCare from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. TD Cowen raised their price target on shares of Addus HomeCare from $128.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stephens reissued an “overweight” rating and issued a $138.00 price target on shares of Addus HomeCare in a report on Tuesday, August 6th. Finally, Macquarie assumed coverage on shares of Addus HomeCare in a report on Friday, June 28th. They issued an “outperform” rating and a $136.00 price target on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.29.

Addus HomeCare Trading Down 0.7 %

NASDAQ:ADUS opened at $130.95 on Friday. The company has a 50-day moving average price of $128.25 and a 200-day moving average price of $115.31. Addus HomeCare Co. has a 12 month low of $78.35 and a 12 month high of $136.12. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.40 and a beta of 1.04.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, August 5th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.21 by $0.14. Addus HomeCare had a net margin of 6.18% and a return on equity of 9.81%. The firm had revenue of $286.90 million during the quarter, compared to analysts’ expectations of $284.90 million. During the same period last year, the company posted $0.94 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that Addus HomeCare Co. will post 4.58 EPS for the current fiscal year.

Insider Activity at Addus HomeCare

In related news, EVP Michael D. Wattenbarger sold 21,917 shares of Addus HomeCare stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $133.29, for a total transaction of $2,921,316.93. Following the completion of the transaction, the executive vice president now directly owns 7,215 shares of the company’s stock, valued at approximately $961,687.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Michael D. Wattenbarger sold 21,917 shares of Addus HomeCare stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $133.29, for a total transaction of $2,921,316.93. Following the completion of the transaction, the executive vice president now directly owns 7,215 shares of the company’s stock, valued at approximately $961,687.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Esteban Lopez sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $127.50, for a total transaction of $63,750.00. Following the sale, the director now owns 3,366 shares of the company’s stock, valued at $429,165. The disclosure for this sale can be found here. Insiders sold a total of 22,917 shares of company stock valued at $3,050,082 in the last three months. Company insiders own 4.60% of the company’s stock.

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.