WCM Investment Management CA Buys 5,120 Shares of Addus HomeCare Corporation (ADUS)

WCM Investment Management CA raised its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,052 shares of the company’s stock after purchasing an additional 5,120 shares during the quarter. WCM Investment Management CA owned 2.53% of Addus HomeCare Corporation worth $10,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. grew its stake in Addus HomeCare Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 4,548 shares of the company’s stock valued at $146,000 after purchasing an additional 299 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Addus HomeCare Corporation during the 2nd quarter valued at approximately $201,000. Nordea Investment Management AB acquired a new stake in Addus HomeCare Corporation during the 2nd quarter valued at approximately $201,000. First Trust Advisors LP acquired a new stake in Addus HomeCare Corporation during the 3rd quarter valued at approximately $207,000. Finally, Eqis Capital Management Inc. acquired a new stake in Addus HomeCare Corporation during the 3rd quarter valued at approximately $218,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.

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Shares of Addus HomeCare Corporation (NASDAQ ADUS) traded up $0.20 on Tuesday, hitting $32.75. The stock had a trading volume of 58,800 shares, compared to its average volume of 40,059. The firm has a market cap of $371.40, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.49 and a beta of 0.19. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. Addus HomeCare Corporation has a one year low of $29.90 and a one year high of $40.75.

Addus HomeCare Corporation (NASDAQ:ADUS) last issued its earnings results on Monday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $108.60 million during the quarter, compared to analyst estimates of $108.99 million. Addus HomeCare Corporation had a return on equity of 10.35% and a net margin of 4.30%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. sell-side analysts forecast that Addus HomeCare Corporation will post 1.46 EPS for the current year.

A number of equities research analysts have weighed in on ADUS shares. Zacks Investment Research upgraded Addus HomeCare Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, August 17th. ValuEngine upgraded Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $45.00 price objective on shares of Addus HomeCare Corporation in a research note on Tuesday, September 19th. Robert W. Baird restated a “hold” rating and set a $40.00 price objective on shares of Addus HomeCare Corporation in a research note on Thursday, August 24th. Finally, BidaskClub lowered Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.33.

Addus HomeCare Corporation Company Profile

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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