Addus HomeCare Corporation $ADUS Shares Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. raised its holdings in Addus HomeCare Corporation (NASDAQ:ADUS) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,954 shares of the company’s stock after acquiring an additional 39,299 shares during the quarter. Addus HomeCare accounts for about 1.1% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 27th biggest position. Punch & Associates Investment Management Inc. owned about 0.99% of Addus HomeCare worth $19,647,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Burney Co. acquired a new stake in Addus HomeCare in the fourth quarter valued at $1,841,000. Public Sector Pension Investment Board lifted its holdings in Addus HomeCare by 14.4% in the third quarter. Public Sector Pension Investment Board now owns 70,827 shares of the company’s stock valued at $8,357,000 after acquiring an additional 8,893 shares during the period. Capital Research Global Investors lifted its holdings in Addus HomeCare by 9.0% in the third quarter. Capital Research Global Investors now owns 1,201,560 shares of the company’s stock valued at $141,772,000 after acquiring an additional 99,262 shares during the period. Vanguard Group Inc. lifted its holdings in Addus HomeCare by 2.9% in the third quarter. Vanguard Group Inc. now owns 1,298,104 shares of the company’s stock valued at $153,163,000 after acquiring an additional 36,674 shares during the period. Finally, 8 Knots Management LLC acquired a new stake in Addus HomeCare in the third quarter valued at $6,075,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Trading Down 0.1%

NASDAQ ADUS opened at $94.71 on Wednesday. Addus HomeCare Corporation has a 12 month low of $87.95 and a 12 month high of $124.43. The company has a 50-day moving average of $93.86 and a 200-day moving average of $102.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $1.77 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.30 and a beta of 0.89.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays decreased their price objective on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. KeyCorp reiterated an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Finally, Weiss Ratings lowered shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.00.

About Addus HomeCare

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.