Illinois Municipal Retirement Fund Boosts Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Illinois Municipal Retirement Fund grew its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,657 shares of the company’s stock after purchasing an additional 223 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Addus HomeCare worth $1,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADUS. Y Intercept Hong Kong Ltd purchased a new position in Addus HomeCare in the fourth quarter worth approximately $258,000. Handelsbanken Fonder AB lifted its stake in Addus HomeCare by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,083 shares of the company’s stock worth $512,000 after acquiring an additional 600 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Addus HomeCare in the fourth quarter worth approximately $2,116,000. Summit Place Financial Advisors LLC lifted its stake in Addus HomeCare by 0.9% in the fourth quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company’s stock worth $1,180,000 after acquiring an additional 80 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in Addus HomeCare by 28.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after acquiring an additional 78,835 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADUS. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a research note on Monday, December 16th. Stephens reduced their price target on shares of Addus HomeCare from $153.00 to $142.00 and set an “overweight” rating for the company in a research report on Wednesday. Macquarie reiterated an “outperform” rating and issued a $129.00 price target on shares of Addus HomeCare in a research report on Thursday. JMP Securities began coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $136.00 price target on shares of Addus HomeCare in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Addus HomeCare has an average rating of “Moderate Buy” and an average target price of $132.78.

Insider Activity

In related news, CEO R Dirk Allison sold 25,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value of $3,119,000.00. Following the sale, the chief executive officer now directly owns 79,397 shares of the company’s stock, valued at approximately $9,905,569.72. This represents a 23.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roberton James Stevenson sold 2,250 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the completion of the sale, the executive vice president now directly owns 10,217 shares in the company, valued at approximately $1,236,257. The trade was a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Addus HomeCare Stock Performance

Shares of Addus HomeCare stock opened at $95.77 on Friday. The company has a market cap of $1.74 billion, a P/E ratio of 21.92, a PEG ratio of 1.41 and a beta of 1.00. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72. The firm has a fifty day moving average of $121.89 and a two-hundred day moving average of $125.85.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, February 24th. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). The company had revenue of $297.14 million during the quarter, compared to analysts’ expectations of $291.04 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. As a group, equities analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current 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.