Allspring Global Investments Holdings LLC Raises Stock Position in Addus HomeCare Co. (NASDAQ:ADUS)

Allspring Global Investments Holdings LLC lifted its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 70,338 shares of the company’s stock after purchasing an additional 107 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Addus HomeCare were worth $8,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP acquired a new position in Addus HomeCare during the third quarter worth $28,000. Farther Finance Advisors LLC grew its holdings in shares of Addus HomeCare by 9,150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock worth $49,000 after purchasing an additional 366 shares during the period. KBC Group NV raised its stake in shares of Addus HomeCare by 49.1% in the 4th quarter. KBC Group NV now owns 814 shares of the company’s stock valued at $102,000 after acquiring an additional 268 shares during the period. Assetmark Inc. boosted its stake in shares of Addus HomeCare by 11.5% in the 3rd quarter. Assetmark Inc. now owns 1,169 shares of the company’s stock valued at $156,000 after buying an additional 121 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Addus HomeCare by 34.5% during the fourth quarter. GAMMA Investing LLC now owns 1,258 shares of the company’s stock worth $158,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Stock Up 0.4 %

Shares of NASDAQ:ADUS opened at $113.64 on Wednesday. Addus HomeCare Co. has a 52-week low of $85.94 and a 52-week high of $136.72. The company has a 50 day moving average of $125.70 and a two-hundred day moving average of $127.01. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. StockNews.com upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. JMP Securities initiated coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Stephens boosted their price objective on shares of Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $134.22.

Insider Transactions at Addus HomeCare

In other news, EVP Roberton James Stevenson sold 2,250 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the completion of the transaction, the executive vice president now owns 10,217 shares in the company, valued at approximately $1,236,257. This represents a 18.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Dirk Allison sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 79,397 shares of the company’s stock, valued at $9,905,569.72. This represents a 23.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,750 shares of company stock valued at $4,930,750. 4.60% of the stock is currently owned by corporate insiders.

Addus HomeCare 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.