Vanguard Group Inc. boosted its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,297 shares of the company’s stock after buying an additional 20,858 shares during the period. Vanguard Group Inc. owned approximately 2.97% of Addus HomeCare worth $12,622,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bowling Portfolio Management LLC increased its stake in Addus HomeCare by 0.5% in the second quarter. Bowling Portfolio Management LLC now owns 18,089 shares of the company’s stock valued at $673,000 after purchasing an additional 85 shares in the last quarter. American International Group Inc. increased its position in shares of Addus HomeCare by 7.0% during the first quarter. American International Group Inc. now owns 4,548 shares of the company’s stock worth $146,000 after acquiring an additional 299 shares in the last quarter. Eagle Global Advisors LLC increased its position in shares of Addus HomeCare by 7.8% during the second quarter. Eagle Global Advisors LLC now owns 15,500 shares of the company’s stock worth $577,000 after acquiring an additional 1,120 shares in the last quarter. Algert Global LLC increased its position in shares of Addus HomeCare by 14.1% during the second quarter. Algert Global LLC now owns 13,762 shares of the company’s stock worth $512,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Addus HomeCare by 34.7% during the second quarter. Campbell & CO Investment Adviser LLC now owns 11,044 shares of the company’s stock worth $411,000 after acquiring an additional 2,846 shares in the last quarter. 92.97% of the stock is owned by hedge funds and other institutional investors.
Addus HomeCare Corporation (NASDAQ:ADUS) traded down $0.35 during mid-day trading on Wednesday, hitting $31.85. 25,536 shares of the company traded hands, compared to its average volume of 39,595. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68. Addus HomeCare Corporation has a 52 week low of $29.90 and a 52 week high of $40.75. The company has a market cap of $388.50, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.56 and a beta of 0.17.
A number of equities research analysts have issued reports on the stock. Robert W. Baird reiterated a “hold” rating and issued a $40.00 target price on shares of Addus HomeCare in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 17th. Finally, Oppenheimer reiterated a “buy” rating and issued a $45.00 target price on shares of Addus HomeCare in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.33.
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About Addus HomeCare
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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