Renaissance Group LLC Acquires 621 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Renaissance Group LLC lifted its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,821 shares of the company’s stock after purchasing an additional 621 shares during the quarter. Renaissance Group LLC owned 0.11% of Addus HomeCare worth $1,658,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ADUS. Teacher Retirement System of Texas increased its holdings in shares of Addus HomeCare by 131.6% during the third quarter. Teacher Retirement System of Texas now owns 16,765 shares of the company’s stock worth $1,428,000 after purchasing an additional 9,527 shares during the period. Guinness Asset Management LTD increased its holdings in shares of Addus HomeCare by 2.7% during the third quarter. Guinness Asset Management LTD now owns 5,267 shares of the company’s stock worth $449,000 after purchasing an additional 137 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Addus HomeCare by 7.7% during the third quarter. Victory Capital Management Inc. now owns 30,292 shares of the company’s stock worth $2,581,000 after purchasing an additional 2,171 shares during the period. Los Angeles Capital Management LLC increased its stake in Addus HomeCare by 115.7% in the third quarter. Los Angeles Capital Management LLC now owns 12,492 shares of the company’s stock valued at $1,064,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Addus HomeCare by 221.0% in the third quarter. Assenagon Asset Management S.A. now owns 71,321 shares of the company’s stock valued at $6,076,000 after acquiring an additional 49,101 shares during the last quarter. 95.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADUS has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of Addus HomeCare from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. TD Cowen lifted their price objective on shares of Addus HomeCare from $105.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. William Blair reissued an “outperform” rating on shares of Addus HomeCare in a research note on Monday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $102.00 price objective on shares of Addus HomeCare in a research note on Thursday, February 29th. Finally, Barclays lowered shares of Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 target price on the stock. in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.57.

Addus HomeCare Trading Up 0.6 %

Shares of NASDAQ:ADUS traded up $0.61 during mid-day trading on Tuesday, reaching $111.27. 14,611 shares of the company’s stock were exchanged, compared to its average volume of 122,237. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 2.10 and a beta of 0.96. The business’s fifty day moving average price is $100.99 and its 200-day moving average price is $94.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.35. Addus HomeCare Co. has a twelve month low of $78.35 and a twelve month high of $111.99.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The company had revenue of $280.70 million for the quarter, compared to analyst estimates of $279.49 million. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. Addus HomeCare’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, research analysts predict that Addus HomeCare Co. will post 4.4 EPS 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.