Summit Creek Advisors LLC Has $26.14 Million Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Summit Creek Advisors LLC raised its position in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,562 shares of the company’s stock after purchasing an additional 644 shares during the period. Addus HomeCare comprises 3.4% of Summit Creek Advisors LLC’s portfolio, making the stock its 2nd biggest position. Summit Creek Advisors LLC’s holdings in Addus HomeCare were worth $26,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Summit Place Financial Advisors LLC raised its position in Addus HomeCare by 0.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company’s stock valued at $1,180,000 after purchasing an additional 80 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Addus HomeCare by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company’s stock valued at $1,340,000 after purchasing an additional 91 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Addus HomeCare by 38.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Addus HomeCare by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,923 shares of the company’s stock valued at $742,000 after purchasing an additional 150 shares in the last quarter. Finally, Heritage Family Offices LLP raised its position in Addus HomeCare by 7.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,274 shares of the company’s stock valued at $285,000 after purchasing an additional 159 shares in the last quarter. 95.35% of the stock is owned by institutional investors.

Insider Transactions at Addus HomeCare

In other news, CEO R Dirk Allison sold 25,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 79,397 shares in the company, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

ADUS has been the subject of several recent research reports. Macquarie reissued an “outperform” rating and issued a $129.00 price target on shares of Addus HomeCare in a research report on Thursday, February 27th. Stephens reissued an “overweight” rating and issued a $142.00 price target on shares of Addus HomeCare in a research report on Wednesday, March 12th. JMP Securities initiated coverage on Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price target for the company. StockNews.com lowered Addus HomeCare from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Oppenheimer boosted their price target on Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.78.

Addus HomeCare Stock Performance

Addus HomeCare stock opened at $89.83 on Monday. The stock has a 50-day moving average of $111.83 and a two-hundred day moving average of $121.75. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72. The stock has a market cap of $1.63 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, February 24th. The company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business had revenue of $297.14 million during the quarter, compared to analysts’ expectations of $291.04 million. As a group, sell-side analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current fiscal 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.