Intech Investment Management LLC Acquires 4,915 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Intech Investment Management LLC boosted its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 98.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,923 shares of the company's stock after acquiring an additional 4,915 shares during the period. Intech Investment Management LLC owned 0.05% of Addus HomeCare worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADUS. Quarry LP purchased a new position in shares of Addus HomeCare during the third quarter valued at about $28,000. Smartleaf Asset Management LLC grew its holdings in Addus HomeCare by 324.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $35,000 after buying an additional 214 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Addus HomeCare by 38.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company's stock worth $67,000 after acquiring an additional 148 shares during the last quarter. KBC Group NV raised its holdings in shares of Addus HomeCare by 49.1% during the 4th quarter. KBC Group NV now owns 814 shares of the company's stock worth $102,000 after acquiring an additional 268 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Addus HomeCare by 34.5% during the 4th quarter. GAMMA Investing LLC now owns 1,258 shares of the company's stock valued at $158,000 after acquiring an additional 323 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Trading Up 1.2 %

Shares of ADUS stock traded up $1.14 on Wednesday, reaching $96.15. 233,703 shares of the company's stock were exchanged, compared to its average volume of 149,609. The company's fifty day simple moving average is $110.45 and its 200 day simple moving average is $121.26. The stock has a market capitalization of $1.75 billion, a PE ratio of 22.00, a P/E/G ratio of 1.41 and a beta of 0.97. Addus HomeCare Co. has a 52 week low of $87.88 and a 52 week high of $136.72.

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Addus HomeCare (NASDAQ:ADUS - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.09). Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The company had revenue of $297.14 million during the quarter, compared to the consensus estimate of $291.04 million. As a group, sell-side analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADUS. Citizens Jmp upgraded shares of Addus HomeCare to a "strong-buy" rating in a research report on Monday, December 16th. JMP Securities initiated coverage on shares of Addus HomeCare in a report on Monday, December 16th. They issued an "outperform" rating and a $150.00 target price on the stock. StockNews.com downgraded shares of Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Stephens reissued an "overweight" rating and set a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. Finally, Macquarie restated an "outperform" rating and set a $129.00 price objective on shares of Addus HomeCare in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.78.

Insider Activity

In other news, 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 transaction of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares in the company, valued at approximately $9,905,569.72. This trade represents a 23.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.60% of the company's stock.

Addus HomeCare Company Profile

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.