CenterBook Partners LP Buys 5,874 Shares of Addus HomeCare Corporation $ADUS

CenterBook Partners LP increased its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 149.7% in the 4th quarter, Holdings Channel reports. The firm owned 9,799 shares of the company’s stock after buying an additional 5,874 shares during the period. CenterBook Partners LP’s holdings in Addus HomeCare were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in Addus HomeCare by 395.7% in the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Larson Financial Group LLC raised its stake in Addus HomeCare by 133.3% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Addus HomeCare by 65.5% during the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after buying an additional 112 shares during the period. AlphaQuest LLC bought a new position in shares of Addus HomeCare during the 3rd quarter valued at $37,000. Finally, Wexford Capital LP purchased a new position in shares of Addus HomeCare in the 3rd quarter worth $41,000. Institutional investors own 95.35% of the company’s stock.

Addus HomeCare Price Performance

NASDAQ ADUS opened at $93.17 on Thursday. The business’s fifty day moving average is $93.75 and its 200 day moving average is $103.52. Addus HomeCare Corporation has a fifty-two week low of $87.95 and a fifty-two week high of $124.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $1.74 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.89.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.The firm had revenue of $363.50 million for the quarter, compared to the consensus estimate of $366.41 million. During the same quarter last year, the company earned $1.42 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Addus HomeCare Corporation will post 6.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADUS. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a report on Wednesday, February 25th. Weiss Ratings downgraded Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Barclays dropped their target price on Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Citizens Jmp reaffirmed a “market outperform” rating and set a $142.00 price target on shares of Addus HomeCare in a research report on Monday, May 18th. Finally, Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.00.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.