Addus HomeCare Co. (NASDAQ:ADUS) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 30.2% during the fourth quarter, HoldingsChannel reports. The firm owned 19,112 shares of the company’s stock after selling 8,269 shares during the period. Martingale Asset Management L P’s holdings in Addus HomeCare were worth $2,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Addus HomeCare by 695.8% in the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock valued at $35,643,000 after purchasing an additional 248,613 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Addus HomeCare by 28.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after acquiring an additional 78,835 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Addus HomeCare by 17.5% in the 3rd 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. Pier Capital LLC purchased a new position in shares of Addus HomeCare during the 4th quarter worth $8,406,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Addus HomeCare during the 4th quarter valued at about $6,637,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Addus HomeCare Price Performance

Addus HomeCare stock opened at $101.77 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of 23.29, a P/E/G ratio of 1.41 and a beta of 0.93. The stock’s fifty day moving average is $101.60 and its two-hundred day moving average is $118.29. Addus HomeCare Co. has a 1-year low of $87.88 and a 1-year high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.09). The business had revenue of $297.14 million for the quarter, compared to analysts’ expectations of $291.04 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. On average, research analysts expect that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADUS. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. Stephens reaffirmed an “overweight” rating and set a $142.00 price target on shares of Addus HomeCare in a research report on Wednesday, March 12th. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of Addus HomeCare in a report on Thursday. StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Macquarie restated an “outperform” rating and issued a $129.00 price objective on shares of Addus HomeCare in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Addus HomeCare currently has an average rating of “Moderate Buy” and an average price target of $132.78.

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.