Argent Capital Management LLC Purchases 12,685 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Argent Capital Management LLC grew its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 51.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 37,310 shares of the company’s stock after buying an additional 12,685 shares during the period. Argent Capital Management LLC’s holdings in Addus HomeCare were worth $4,332,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Guinness Asset Management LTD lifted its position in Addus HomeCare by 3.3% in the second quarter. Guinness Asset Management LTD now owns 5,001 shares of the company’s stock valued at $580,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Addus HomeCare by 40.8% during the 1st quarter. GAMMA Investing LLC now owns 556 shares of the company’s stock valued at $57,000 after buying an additional 161 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Addus HomeCare by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the company’s stock worth $940,000 after acquiring an additional 200 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Addus HomeCare by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 3,163 shares of the company’s stock worth $327,000 after buying an additional 214 shares during the last quarter. Finally, Pitcairn Co. increased its position in Addus HomeCare by 6.2% during the 1st quarter. Pitcairn Co. now owns 3,840 shares of the company’s stock valued at $397,000 after buying an additional 225 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADUS has been the topic of a number of analyst reports. Bank of America upped their price target on shares of Addus HomeCare from $115.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Royal Bank of Canada lifted their price target on shares of Addus HomeCare from $129.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Stephens reissued an “overweight” rating and issued a $138.00 target price on shares of Addus HomeCare in a report on Tuesday, August 6th. TD Cowen boosted their price objective on shares of Addus HomeCare from $128.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Macquarie started coverage on shares of Addus HomeCare in a research note on Friday, June 28th. They set an “outperform” rating and a $136.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.57.

Addus HomeCare Stock Up 0.9 %

ADUS stock traded up $1.19 on Friday, hitting $133.58. 114,812 shares of the company’s stock were exchanged, compared to its average volume of 135,433. The stock has a market cap of $2.42 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50 day moving average price of $122.05 and a two-hundred day moving average price of $108.66. Addus HomeCare Co. has a 12-month low of $78.35 and a 12-month high of $134.78.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.14. The company had revenue of $286.90 million for the quarter, compared to the consensus estimate of $284.90 million. Addus HomeCare had a return on equity of 10.03% and a net margin of 6.04%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. As a group, equities research analysts expect that Addus HomeCare Co. will post 4.36 EPS for the current fiscal year.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, EVP Roberton James Stevenson sold 217 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $116.13, for a total value of $25,200.21. Following the completion of the sale, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at approximately $1,186,500.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

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.