Janney Montgomery Scott LLC Buys 711 Shares of Addus HomeCare Corporation (NASDAQ:ADUS)

Janney Montgomery Scott LLC grew its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 6.7% during the first quarter, HoldingsChannel reports. The firm owned 11,402 shares of the company’s stock after purchasing an additional 711 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Addus HomeCare were worth $1,128,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its stake in shares of Addus HomeCare by 219.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 18,921 shares of the company’s stock valued at $1,871,000 after purchasing an additional 12,998 shares in the last quarter. Vista Finance LLC lifted its position in Addus HomeCare by 7.0% during the 1st quarter. Vista Finance LLC now owns 2,994 shares of the company’s stock valued at $296,000 after acquiring an additional 195 shares during the period. Azzad Asset Management Inc. ADV lifted its position in Addus HomeCare by 14.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,086 shares of the company’s stock valued at $997,000 after acquiring an additional 1,247 shares during the period. SG Americas Securities LLC purchased a new position in Addus HomeCare during the 1st quarter valued at about $1,050,000. Finally, Chatham Capital Group Inc. lifted its position in Addus HomeCare by 4.1% during the 1st quarter. Chatham Capital Group Inc. now owns 21,742 shares of the company’s stock valued at $2,150,000 after acquiring an additional 860 shares during the period. Institutional investors own 95.35% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael D. Wattenbarger sold 2,045 shares of Addus HomeCare stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total value of $235,175.00. Following the completion of the sale, the executive vice president now directly owns 7,796 shares in the company, valued at $896,540. The trade was a 20.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADUS shares. Wall Street Zen raised shares of Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Sunday. Stephens reissued an “overweight” rating and set a $142.00 price target on shares of Addus HomeCare in a research report on Wednesday, March 12th. JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of Addus HomeCare in a research report on Friday, June 20th. Finally, Macquarie reissued an “outperform” rating and set a $133.00 price target on shares of Addus HomeCare in a research report on Tuesday, June 10th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $142.57.

Addus HomeCare Stock Down 0.4%

Shares of Addus HomeCare stock opened at $115.12 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $2.12 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.63 and a beta of 0.81. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $136.72. The company has a 50-day simple moving average of $110.24 and a two-hundred day simple moving average of $111.66.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $337.71 million during the quarter, compared to analysts’ expectations of $341.66 million. Addus HomeCare had a net margin of 6.52% and a return on equity of 9.23%. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. On average, analysts anticipate that Addus HomeCare Corporation will post 4.59 EPS for the current fiscal year.

Addus HomeCare Company Profile

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.