Teacher Retirement System of Texas Grows Stake in Addus HomeCare Co. (NASDAQ:ADUS)

Teacher Retirement System of Texas lifted its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,994 shares of the company’s stock after purchasing an additional 22,738 shares during the period. Teacher Retirement System of Texas owned about 0.49% of Addus HomeCare worth $11,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Addus HomeCare during the third quarter worth about $1,622,000. JPMorgan Chase & Co. boosted its position in Addus HomeCare by 10.2% during the third quarter. JPMorgan Chase & Co. now owns 183,198 shares of the company’s stock worth $24,371,000 after acquiring an additional 16,997 shares during the last quarter. Principal Financial Group Inc. boosted its position in Addus HomeCare by 17.5% during the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock worth $67,293,000 after acquiring an additional 75,409 shares during the last quarter. Cherry Creek Investment Advisors Inc. acquired a new position in Addus HomeCare during the fourth quarter worth about $340,000. Finally, Barclays PLC boosted its position in Addus HomeCare by 204.8% during the third quarter. Barclays PLC now owns 43,470 shares of the company’s stock worth $5,783,000 after acquiring an additional 29,207 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Insider Buying and Selling

In related news, CEO R Dirk Allison sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total transaction 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 $9,905,569.72. This represents a 23.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ADUS shares. Oppenheimer boosted their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. JMP Securities started coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. Macquarie reiterated an “outperform” rating and issued a $129.00 target price on shares of Addus HomeCare in a report on Thursday, February 27th. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Finally, Stephens reiterated an “overweight” rating and issued a $142.00 target price on shares of Addus HomeCare in a report on Wednesday, March 12th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.78.

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $89.83 on Friday. The firm’s 50 day moving average price is $111.83 and its 200-day moving average price is $121.87. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72. The firm has a market cap of $1.63 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.41 and a beta of 0.97.

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

About Addus HomeCare

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.