Principal Financial Group Inc. Purchases 102,996 Shares of Addus Homecare Co. (ADUS)

Principal Financial Group Inc. increased its position in shares of Addus Homecare Co. (NASDAQ:ADUS) by 52.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,045 shares of the company’s stock after acquiring an additional 102,996 shares during the period. Principal Financial Group Inc. owned approximately 2.29% of Addus Homecare worth $20,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ADUS. State Board of Administration of Florida Retirement System boosted its position in Addus Homecare by 5.8% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 3,316 shares of the company’s stock valued at $225,000 after buying an additional 182 shares during the period. Legal & General Group Plc boosted its position in Addus Homecare by 32.5% during the 3rd quarter. Legal & General Group Plc now owns 1,428 shares of the company’s stock valued at $100,000 after buying an additional 350 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Addus Homecare by 3.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,414 shares of the company’s stock valued at $843,000 after buying an additional 381 shares during the period. Northern Trust Corp raised its holdings in Addus Homecare by 0.5% in the 4th quarter. Northern Trust Corp now owns 144,750 shares of the company’s stock worth $9,825,000 after purchasing an additional 672 shares in the last quarter. Finally, LS Investment Advisors LLC bought a new position in Addus Homecare in the 4th quarter worth $66,000. 95.22% of the stock is currently owned by hedge funds and other institutional investors.

In other Addus Homecare news, CEO R Dirk Allison sold 1,080 shares of Addus Homecare stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $63.00, for a total transaction of $68,040.00. Following the transaction, the chief executive officer now owns 40,995 shares of the company’s stock, valued at $2,582,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Poff sold 2,098 shares of Addus Homecare stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $65.41, for a total transaction of $137,230.18. Following the sale, the chief financial officer now owns 19,457 shares in the company, valued at approximately $1,272,682.37. The disclosure for this sale can be found here. Insiders have sold 9,829 shares of company stock worth $638,074 in the last ninety days. Insiders own 34.80% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Addus Homecare from a “sell” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Monday, April 8th. ValuEngine lowered shares of Addus Homecare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. BidaskClub upgraded shares of Addus Homecare from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, Robert W. Baird upgraded shares of Addus Homecare from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $72.00 to $75.00 in a research note on Monday, February 4th. Ten investment analysts have rated the stock with a buy rating, Addus Homecare currently has an average rating of “Buy” and a consensus price target of $76.38.

NASDAQ:ADUS traded up $1.62 on Friday, reaching $63.13. 98,788 shares of the stock traded hands, compared to its average volume of 100,887. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $831.93 million, a P/E ratio of 37.36, a P/E/G ratio of 2.04 and a beta of -0.21. Addus Homecare Co. has a 12 month low of $50.40 and a 12 month high of $77.82.

Addus Homecare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, March 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $139.80 million for the quarter, compared to the consensus estimate of $140.27 million. Addus Homecare had a net margin of 3.38% and a return on equity of 9.22%. On average, equities research analysts predict that Addus Homecare Co. will post 2 EPS for the current year.

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About Addus Homecare

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Institutional Ownership by Quarter for Addus Homecare (NASDAQ:ADUS)

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