Chartwell Investment Partners LLC decreased its stake in shares of Addus Homecare Co. (NASDAQ:ADUS) by 36.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,556 shares of the company’s stock after selling 16,219 shares during the quarter. Chartwell Investment Partners LLC owned about 0.18% of Addus Homecare worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of Addus Homecare by 0.4% during the 1st quarter. Invesco Ltd. now owns 622,173 shares of the company’s stock worth $42,059,000 after buying an additional 2,592 shares during the period. State Street Corp lifted its stake in shares of Addus Homecare by 9.8% in the first quarter. State Street Corp now owns 411,643 shares of the company’s stock valued at $27,827,000 after buying an additional 36,574 shares in the last quarter. Cloverdale Capital Management LLC grew its holdings in shares of Addus Homecare by 30.1% during the first quarter. Cloverdale Capital Management LLC now owns 359,238 shares of the company’s stock valued at $24,284,000 after buying an additional 83,219 shares during the last quarter. Eaton Vance Management increased its position in shares of Addus Homecare by 20.2% during the first quarter. Eaton Vance Management now owns 291,156 shares of the company’s stock worth $19,682,000 after acquiring an additional 48,978 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Addus Homecare by 3.9% in the 1st quarter. Wellington Management Group LLP now owns 265,510 shares of the company’s stock worth $17,948,000 after acquiring an additional 9,882 shares during the last quarter. 95.86% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Oppenheimer restated a “buy” rating and issued a $107.00 target price on shares of Addus Homecare in a report on Monday, May 4th. Zacks Investment Research upgraded shares of Addus Homecare from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, July 7th. Sidoti upped their target price on shares of Addus Homecare from $96.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Royal Bank of Canada restated a “buy” rating and issued a $98.00 target price on shares of Addus Homecare in a report on Monday, April 20th. Finally, Robert W. Baird upped their target price on shares of Addus Homecare from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $99.75.
In other news, EVP Darby Anderson sold 6,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $98.90, for a total transaction of $593,400.00. Following the completion of the transaction, the executive vice president now directly owns 32,064 shares of the company’s stock, valued at approximately $3,171,129.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.10% of the stock is owned by corporate insiders.
Addus Homecare stock opened at $96.41 on Friday. Addus Homecare Co. has a twelve month low of $43.13 and a twelve month high of $104.56. The firm has a 50 day moving average price of $91.63 and a 200-day moving average price of $86.93. The company has a market capitalization of $1.50 billion, a P/E ratio of 49.95, a P/E/G ratio of 2.65 and a beta of 0.49.
Addus Homecare (NASDAQ:ADUS) last released its earnings results on Monday, May 4th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.13. The company had revenue of $190.20 million for the quarter, compared to the consensus estimate of $181.08 million. As a group, research analysts expect that Addus Homecare Co. will post 2.43 earnings per share for the current fiscal year.
About Addus Homecare
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.
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