California State Teachers Retirement System cut its holdings in Addus HomeCare Corporation (NASDAQ:ADUS) by 10.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,303 shares of the company’s stock after selling 1,600 shares during the quarter. California State Teachers Retirement System owned 0.12% of Addus HomeCare worth $495,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Addus HomeCare by 6.9% in the first quarter. Geode Capital Management LLC now owns 57,652 shares of the company’s stock valued at $1,844,000 after purchasing an additional 3,740 shares in the last quarter. Northern Trust Corp boosted its stake in Addus HomeCare by 4.4% during the second quarter. Northern Trust Corp now owns 139,906 shares of the company’s stock worth $5,204,000 after buying an additional 5,929 shares during the period. Wells Fargo & Company MN boosted its stake in Addus HomeCare by 12.3% during the second quarter. Wells Fargo & Company MN now owns 54,035 shares of the company’s stock worth $2,010,000 after buying an additional 5,923 shares during the period. Renaissance Technologies LLC boosted its stake in Addus HomeCare by 363.4% during the first quarter. Renaissance Technologies LLC now owns 57,000 shares of the company’s stock worth $1,824,000 after buying an additional 44,700 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Addus HomeCare by 6.3% during the first quarter. Vanguard Group Inc. now owns 318,439 shares of the company’s stock worth $10,190,000 after buying an additional 18,913 shares during the period. 92.97% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $40.00 price objective on shares of Addus HomeCare in a research note on Thursday, August 24th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $45.00 price objective on shares of Addus HomeCare in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.33.
Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, November 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Addus HomeCare had a return on equity of 10.35% and a net margin of 4.30%. The business had revenue of $108.60 million during the quarter, compared to the consensus estimate of $108.99 million. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts anticipate that Addus HomeCare Corporation will post 1.42 EPS for the current fiscal year.
About Addus HomeCare
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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