AlphaQuest LLC Cuts Stake in Addus HomeCare Co. (NASDAQ:ADUS)

AlphaQuest LLC reduced its stake in Addus HomeCare Co. (NASDAQ:ADUS) by 91.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 930 shares of the company’s stock after selling 10,333 shares during the quarter. AlphaQuest LLC’s holdings in Addus HomeCare were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADUS. Wasatch Advisors LP boosted its holdings in shares of Addus HomeCare by 11.8% in the 3rd quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock worth $138,782,000 after buying an additional 110,010 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings 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 buying an additional 78,835 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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 buying an additional 75,409 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Addus HomeCare in the 4th quarter worth about $6,637,000. Finally, Barclays PLC boosted its holdings in shares of Addus HomeCare by 204.8% in the 3rd quarter. Barclays PLC now owns 43,470 shares of the company’s stock worth $5,783,000 after buying an additional 29,207 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Stock Down 2.5 %

Shares of ADUS opened at $91.01 on Wednesday. The business’s 50-day moving average price is $113.96 and its 200-day moving average price is $122.61. Addus HomeCare Co. has a twelve month low of $87.88 and a twelve month high of $136.72. The stock has a market cap of $1.65 billion, a PE ratio of 20.83, a P/E/G ratio of 1.41 and a beta of 0.97.

Addus HomeCare (NASDAQ:ADUS) last posted 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). The company had revenue of $297.14 million during the quarter, compared to the consensus estimate of $291.04 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. Analysts expect that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. JMP Securities initiated coverage on Addus HomeCare in a research note on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective on the stock. Citizens Jmp upgraded Addus HomeCare to a “strong-buy” rating in a research note on Monday, December 16th. Oppenheimer boosted their price objective on Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Macquarie restated an “outperform” rating and issued a $129.00 price objective on shares of Addus HomeCare in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.78.

Insider Buying and Selling

In related news, CEO R Dirk Allison sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now directly owns 79,397 shares in the company, valued at approximately $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.60% of the stock is owned by company insiders.

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.