Harbor Capital Advisors Inc. Cuts Position in Addus HomeCare Co. (NASDAQ:ADUS)

Harbor Capital Advisors Inc. decreased its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,313 shares of the company’s stock after selling 800 shares during the period. Harbor Capital Advisors Inc. owned about 0.35% of Addus HomeCare worth $6,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Natixis grew its stake in shares of Addus HomeCare by 111.9% in the fourth quarter. Natixis now owns 250 shares of the company’s stock worth $31,000 after acquiring an additional 132 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Addus HomeCare by 324.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $35,000 after acquiring an additional 214 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Addus HomeCare by 38.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $67,000 after acquiring an additional 148 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Addus HomeCare in the fourth quarter worth $77,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Addus HomeCare in the fourth quarter worth $86,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Insider Buying and Selling at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 2,045 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total value of $235,175.00. Following the completion of the transaction, the executive vice president now owns 7,796 shares in the company, valued at $896,540. This represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stephens restated an “overweight” rating and issued a $142.00 price target on shares of Addus HomeCare in a research note on Wednesday, March 12th. Wall Street Zen downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. JMP Securities reiterated a “market outperform” rating and set a $150.00 target price on shares of Addus HomeCare in a research note on Tuesday, April 22nd. Finally, Macquarie reiterated an “outperform” rating and set a $133.00 target price on shares of Addus HomeCare in a research note on Tuesday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Addus HomeCare currently has an average rating of “Buy” and a consensus target price of $142.57.

Addus HomeCare Price Performance

NASDAQ ADUS opened at $118.00 on Wednesday. Addus HomeCare Co. has a 1 year low of $88.96 and a 1 year high of $136.72. The company has a market capitalization of $2.17 billion, a PE ratio of 27.00, a P/E/G ratio of 1.41 and a beta of 0.81. The company has a fifty day moving average of $106.56 and a two-hundred day moving average of $112.38.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The company had revenue of $337.71 million during the quarter, compared to the consensus estimate of $341.66 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Addus HomeCare’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, research analysts expect that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

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.