Addus HomeCare Corporation $ADUS Stock Position Reduced by WCM Investment Management LLC

WCM Investment Management LLC decreased its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 429,797 shares of the company’s stock after selling 59,263 shares during the quarter. WCM Investment Management LLC owned approximately 2.33% of Addus HomeCare worth $50,626,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC acquired a new stake in Addus HomeCare during the third quarter valued at $37,000. State of Wyoming acquired a new position in Addus HomeCare in the 2nd quarter worth about $47,000. Raymond James Financial Inc. purchased a new stake in shares of Addus HomeCare during the 2nd quarter worth about $61,000. Blue Trust Inc. lifted its holdings in shares of Addus HomeCare by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $63,000 after buying an additional 161 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Addus HomeCare by 25.3% in the 2nd quarter. CWM LLC now owns 554 shares of the company’s stock valued at $64,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Insider Buying and Selling

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the sale, the executive vice president owned 44,144 shares in the company, valued at $4,811,696. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 20,316 shares of company stock valued at $2,215,998 over the last three months. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ADUS shares. Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 25th. Royal Bank Of Canada increased their price objective on Addus HomeCare from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. Barclays lifted their price objective on Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Finally, TD Cowen restated a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.44.

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $105.32 on Tuesday. The firm’s 50-day moving average is $111.58 and its 200-day moving average is $112.95. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.66 and a current ratio of 1.66. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $126.13.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, November 3rd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.03. The business had revenue of $362.30 million for the quarter, compared to the consensus estimate of $354.48 million. Addus HomeCare had a return on equity of 9.53% and a net margin of 6.36%.The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share. Equities research analysts anticipate that Addus HomeCare Corporation will post 4.59 earnings per share for the current year.

Addus HomeCare Company Profile

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.