King Luther Capital Management Corp Sells 12,747 Shares of Addus HomeCare Corporation $ADUS

King Luther Capital Management Corp cut its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUSFree Report) by 27.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,416 shares of the company’s stock after selling 12,747 shares during the period. King Luther Capital Management Corp’s holdings in Addus HomeCare were worth $3,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in Addus HomeCare by 395.7% in the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after buying an additional 186 shares during the last quarter. Larson Financial Group LLC boosted its stake in Addus HomeCare by 133.3% in the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after buying an additional 112 shares during the period. AlphaQuest LLC bought a new stake in shares of Addus HomeCare in the third quarter valued at $37,000. Finally, Wexford Capital LP bought a new stake in shares of Addus HomeCare in the third quarter valued at $41,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Trading Down 0.5%

Addus HomeCare stock opened at $93.53 on Friday. The stock has a market cap of $1.75 billion, a P/E ratio of 17.29, a PEG ratio of 1.29 and a beta of 0.92. Addus HomeCare Corporation has a fifty-two week low of $89.76 and a fifty-two week high of $124.43. The firm’s fifty day moving average price is $95.11 and its 200-day moving average price is $104.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83.

Addus HomeCare (NASDAQ:ADUSGet Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $363.50 million for the quarter, compared to analysts’ expectations of $366.41 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Equities research analysts forecast that Addus HomeCare Corporation will post 6.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ADUS. Barclays reduced their target price on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. Wall Street Zen downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. KeyCorp reiterated an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Weiss Ratings lowered Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Addus HomeCare has an average rating of “Moderate Buy” and an average price target of $131.22.

Get Our Latest Stock Report on ADUS

About Addus HomeCare

(Free Report)

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.

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Institutional Ownership by Quarter for Addus HomeCare (NASDAQ:ADUS)

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