Comerica Bank Decreases Position in Addus HomeCare Corporation (ADUS)

Comerica Bank reduced its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 57.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,594 shares of the company’s stock after selling 42,893 shares during the quarter. Comerica Bank owned approximately 0.28% of Addus HomeCare Corporation worth $1,193,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ADUS. Russell Investments Group Ltd. boosted its holdings in shares of Addus HomeCare Corporation by 831.8% during the second quarter. Russell Investments Group Ltd. now owns 300,101 shares of the company’s stock worth $11,165,000 after purchasing an additional 267,896 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Addus HomeCare Corporation by 309.4% during the first quarter. JPMorgan Chase & Co. now owns 259,283 shares of the company’s stock worth $8,296,000 after purchasing an additional 195,948 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Addus HomeCare Corporation 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 purchasing an additional 44,700 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Addus HomeCare Corporation by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 824,994 shares of the company’s stock worth $26,400,000 after purchasing an additional 43,588 shares during the period. Finally, Nationwide Fund Advisors boosted its holdings in shares of Addus HomeCare Corporation by 361.8% during the first quarter. Nationwide Fund Advisors now owns 33,138 shares of the company’s stock worth $1,060,000 after purchasing an additional 25,962 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

Several research firms recently commented on ADUS. Zacks Investment Research cut shares of Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Addus HomeCare Corporation in a report on Thursday, August 24th. ValuEngine raised shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $45.00 price objective on shares of Addus HomeCare Corporation in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Addus HomeCare Corporation currently has an average rating of “Hold” and an average target price of $41.33.

Addus HomeCare Corporation (NASDAQ:ADUS) opened at 34.20 on Friday. The company has a market cap of $392.27 million, a price-to-earnings ratio of 24.41 and a beta of 0.23. Addus HomeCare Corporation has a 12 month low of $24.40 and a 12 month high of $40.75. The company’s 50-day moving average is $34.20 and its 200 day moving average is $35.15.

Addus HomeCare Corporation (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Addus HomeCare Corporation had a return on equity of 10.47% and a net margin of 3.94%. The firm had revenue of $103.60 million during the quarter, compared to the consensus estimate of $104.39 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that Addus HomeCare Corporation will post $1.60 earnings per share for the current fiscal year.

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About Addus HomeCare Corporation

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.

Institutional Ownership by Quarter for Addus HomeCare Corporation (NASDAQ:ADUS)

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