Janney Montgomery Scott LLC Purchases New Position in Addus HomeCare Co. (NASDAQ:ADUS)

Janney Montgomery Scott LLC acquired a new stake in Addus HomeCare Co. (NASDAQ:ADUSGet Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,708 shares of the company’s stock, valued at approximately $734,000.

Other institutional investors have also modified their holdings of the company. Shell Asset Management Co. lifted its stake in shares of Addus HomeCare by 62.7% in the 2nd quarter. Shell Asset Management Co. now owns 4,434 shares of the company’s stock valued at $369,000 after purchasing an additional 1,709 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Addus HomeCare by 110.1% in the 2nd quarter. Assetmark Inc. now owns 374 shares of the company’s stock valued at $31,000 after purchasing an additional 196 shares during the last quarter. Ziegler Capital Management LLC lifted its stake in shares of Addus HomeCare by 12.3% in the 3rd quarter. Ziegler Capital Management LLC now owns 101,653 shares of the company’s stock valued at $9,681,000 after purchasing an additional 11,118 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Addus HomeCare during the 2nd quarter worth approximately $1,552,000. Finally, Tributary Capital Management LLC lifted its stake in shares of Addus HomeCare by 103.9% during the 3rd quarter. Tributary Capital Management LLC now owns 116,417 shares of the company’s stock worth $11,088,000 after acquiring an additional 59,335 shares during the last quarter. 97.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 248 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $109.77, for a total transaction of $27,222.96. Following the transaction, the executive vice president now directly owns 6,764 shares in the company, valued at approximately $742,484.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 248 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $109.77, for a total transaction of $27,222.96. Following the transaction, the executive vice president now directly owns 6,764 shares in the company, valued at approximately $742,484.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael D. Wattenbarger sold 377 shares of Addus HomeCare stock in a transaction on Monday, December 12th. The shares were sold at an average price of $103.54, for a total value of $39,034.58. Following the completion of the transaction, the executive vice president now owns 6,387 shares in the company, valued at $661,309.98. The disclosure for this sale can be found here. Insiders have sold 32,714 shares of company stock worth $3,524,933 in the last ninety days. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 14th. Royal Bank of Canada raised their price target on Addus HomeCare from $110.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Addus HomeCare has an average rating of “Buy” and a consensus target price of $112.60.

Addus HomeCare Trading Up 2.4 %

ADUS opened at $109.58 on Friday. The stock’s fifty day moving average is $104.47 and its two-hundred day moving average is $98.79. The company has a market capitalization of $1.77 billion, a P/E ratio of 39.85, a PEG ratio of 2.64 and a beta of 0.82. Addus HomeCare Co. has a 52 week low of $68.57 and a 52 week high of $112.89. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.27.

Addus HomeCare (NASDAQ:ADUSGet Rating) last released its quarterly earnings data on Monday, October 31st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $242.21 million. Addus HomeCare had a return on equity of 8.46% and a net margin of 4.77%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Analysts forecast that Addus HomeCare Co. will post 3.12 earnings per share for the current year.

Addus HomeCare Company Profile

(Get Rating)

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. It operates through three segments: Personal Care, Hospice, and Home Health.

Further Reading

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Institutional Ownership by Quarter for Addus HomeCare (NASDAQ:ADUS)

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