Intech Investment Management LLC Has $778,000 Stake in Addus HomeCare Corporation $ADUS

Intech Investment Management LLC decreased its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 43.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,243 shares of the company’s stock after selling 5,525 shares during the quarter. Intech Investment Management LLC’s holdings in Addus HomeCare were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADUS. Capital Research Global Investors lifted its position in Addus HomeCare by 9.0% in the 3rd quarter. Capital Research Global Investors now owns 1,201,560 shares of the company’s stock worth $141,772,000 after buying an additional 99,262 shares in the last quarter. 8 Knots Management LLC purchased a new stake in Addus HomeCare in the 3rd quarter worth approximately $6,075,000. Adage Capital Partners GP L.L.C. purchased a new stake in Addus HomeCare in the 2nd quarter worth approximately $4,838,000. Vanguard Group Inc. lifted its position in Addus HomeCare by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,298,104 shares of the company’s stock worth $153,163,000 after buying an additional 36,674 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in Addus HomeCare by 29.1% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 143,655 shares of the company’s stock worth $16,950,000 after buying an additional 32,355 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADUS shares. Stephens cut their target price on shares of Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $142.00 target price on shares of Addus HomeCare in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. KeyCorp reiterated an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Addus HomeCare has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

Addus HomeCare Stock Down 1.5%

ADUS stock opened at $90.71 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. Addus HomeCare Corporation has a 1 year low of $87.95 and a 1 year high of $124.43. The company has a fifty day simple moving average of $93.83 and a 200 day simple moving average of $103.76. The firm has a market cap of $1.69 billion, a PE ratio of 16.77, a PEG ratio of 1.26 and a beta of 0.89.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.10. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The business had revenue of $363.50 million during the quarter, compared to analyst estimates of $366.41 million. During the same quarter in the previous year, the business earned $1.42 EPS. Addus HomeCare’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Addus HomeCare Corporation will post 6.24 EPS for the current fiscal year.

Addus HomeCare Company Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.