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Vista Finance LLC Acquires Shares of 2,799 Addus HomeCare Co. (NASDAQ:ADUS)

Addus HomeCare logo with Medical background

Vista Finance LLC purchased a new position in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,799 shares of the company's stock, valued at approximately $351,000. Addus HomeCare makes up about 0.4% of Vista Finance LLC's holdings, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP raised its stake in Addus HomeCare by 11.8% in the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company's stock valued at $138,782,000 after purchasing an additional 110,010 shares in the last quarter. State Street Corp raised its stake in Addus HomeCare by 4.4% in the third quarter. State Street Corp now owns 663,610 shares of the company's stock valued at $88,280,000 after purchasing an additional 27,990 shares in the last quarter. Principal Financial Group Inc. raised its stake in Addus HomeCare by 17.5% in the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock valued at $67,293,000 after purchasing an additional 75,409 shares in the last quarter. WCM Investment Management LLC raised its stake in Addus HomeCare by 2.9% in the third quarter. WCM Investment Management LLC now owns 498,279 shares of the company's stock valued at $65,250,000 after purchasing an additional 13,938 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Addus HomeCare by 7.1% in the third quarter. Geode Capital Management LLC now owns 423,934 shares of the company's stock valued at $56,406,000 after purchasing an additional 28,284 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Addus HomeCare

In related news, EVP Roberton James Stevenson sold 2,250 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the sale, the executive vice president now owns 10,217 shares of the company's stock, valued at $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R Dirk Allison sold 25,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 79,397 shares of the company's stock, valued at $9,905,569.72. The trade was a 23.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,750 shares of company stock worth $4,930,750. Insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADUS. StockNews.com raised shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Friday, January 24th. Stephens raised their target price on shares of Addus HomeCare from $143.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Macquarie reaffirmed an "outperform" rating and issued a $139.00 target price on shares of Addus HomeCare in a research note on Monday, November 4th. Citizens Jmp upgraded shares of Addus HomeCare to a "strong-buy" rating in a research report on Monday, December 16th. Finally, Oppenheimer increased their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $134.22.

Get Our Latest Report on ADUS

Addus HomeCare Stock Down 0.4 %

Shares of Addus HomeCare stock traded down $0.42 on Wednesday, hitting $113.22. The stock had a trading volume of 108,666 shares, compared to its average volume of 162,283. Addus HomeCare Co. has a one year low of $85.94 and a one year high of $136.72. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.46 and a beta of 1.00. The stock's 50-day simple moving average is $125.70 and its two-hundred day simple moving average is $127.01.

About Addus HomeCare

(Free Report)

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.

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

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