BlackRock Inc. Has $250.38 Million Stock Position in Addus HomeCare Co. (NASDAQ:ADUS)

BlackRock Inc. lessened its stake in Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,628,913 shares of the company’s stock after selling 72,248 shares during the quarter. BlackRock Inc. owned 0.16% of Addus HomeCare worth $250,379,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ADUS. JPMorgan Chase & Co. boosted its stake in Addus HomeCare by 12.3% in the 1st quarter. JPMorgan Chase & Co. now owns 19,005 shares of the company’s stock worth $1,773,000 after purchasing an additional 2,080 shares during the period. US Bancorp DE boosted its position in shares of Addus HomeCare by 335.3% during the first quarter. US Bancorp DE now owns 3,744 shares of the company’s stock worth $349,000 after buying an additional 2,884 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Addus HomeCare by 59.9% during the first quarter. MetLife Investment Management LLC now owns 8,394 shares of the company’s stock worth $783,000 after buying an additional 3,146 shares in the last quarter. Rhumbline Advisers lifted its stake in Addus HomeCare by 2.9% in the 1st quarter. Rhumbline Advisers now owns 42,780 shares of the company’s stock valued at $3,991,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Addus HomeCare by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,731 shares of the company’s stock worth $1,281,000 after acquiring an additional 1,693 shares during the last quarter. Institutional investors own 97.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADUS. Royal Bank of Canada lifted their price objective on shares of Addus HomeCare from $121.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, March 6th. StockNews.com cut shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Addus HomeCare has a consensus rating of “Buy” and a consensus price target of $113.00.

Addus HomeCare Stock Performance

NASDAQ ADUS opened at $97.97 on Tuesday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 2.42 and a beta of 0.82. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $105.28 and its two-hundred day moving average price is $102.33. Addus HomeCare Co. has a 1 year low of $73.65 and a 1 year high of $114.99.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 552 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $104.31, for a total transaction of $57,579.12. Following the transaction, the executive vice president now owns 8,225 shares of the company’s stock, valued at $857,949.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Addus HomeCare news, CFO Brian Poff sold 1,297 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $104.30, for a total value of $135,277.10. Following the transaction, the chief financial officer now directly owns 27,872 shares of the company’s stock, valued at approximately $2,907,049.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael D. Wattenbarger sold 552 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $104.31, for a total transaction of $57,579.12. Following the sale, the executive vice president now owns 8,225 shares of the company’s stock, valued at $857,949.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,537 shares of company stock worth $1,099,123. Insiders own 4.50% of the company’s stock.

About Addus HomeCare

(Get Rating)

Addus HomeCare Corp. engages in the provision of in-home personal care services. It operates through the following segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled.