Addus HomeCare Co. (NASDAQ:ADUS) Stock Position Raised by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 98.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,923 shares of the company’s stock after purchasing an additional 4,915 shares during the period. Intech Investment Management LLC’s holdings in Addus HomeCare were worth $1,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP raised its stake in shares of Addus HomeCare by 11.8% during the 3rd quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock worth $138,782,000 after purchasing an additional 110,010 shares in the last quarter. State Street Corp increased its holdings in shares of Addus HomeCare by 4.4% during the 3rd quarter. State Street Corp now owns 663,610 shares of the company’s stock valued at $88,280,000 after acquiring an additional 27,990 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Addus HomeCare by 17.5% during the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock valued at $67,293,000 after acquiring an additional 75,409 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Addus HomeCare by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,934 shares of the company’s stock valued at $56,406,000 after acquiring an additional 28,284 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Addus HomeCare by 28.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock valued at $44,593,000 after acquiring an additional 78,835 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Addus HomeCare

In other news, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 owns 79,397 shares of the company’s stock, valued at approximately $9,905,569.72. This trade represents a 23.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADUS. Macquarie reissued an “outperform” rating and set a $129.00 price objective on shares of Addus HomeCare in a report on Thursday, February 27th. Stephens reissued an “overweight” rating and set a $142.00 price objective on shares of Addus HomeCare in a report on Wednesday, March 12th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. JMP Securities began coverage on Addus HomeCare in a report on Monday, December 16th. They set an “outperform” rating and a $150.00 price objective on the stock. Finally, StockNews.com lowered Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.78.

Addus HomeCare Stock Down 1.2 %

ADUS opened at $89.83 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The stock’s 50 day moving average price is $111.83 and its two-hundred day moving average price is $121.81. Addus HomeCare Co. has a 12-month low of $87.88 and a 12-month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data 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). Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The firm had revenue of $297.14 million for the quarter, compared to analyst estimates of $291.04 million. As a group, analysts anticipate that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Addus HomeCare Company Profile

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.