Cerity Partners LLC Sells 3,098 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Cerity Partners LLC decreased its holdings in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,265 shares of the company's stock after selling 3,098 shares during the quarter. Cerity Partners LLC owned 0.45% of Addus HomeCare worth $10,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADUS. State Street Corp lifted its position in shares of Addus HomeCare by 4.4% during the 3rd quarter. State Street Corp now owns 663,610 shares of the company's stock valued at $88,280,000 after acquiring an additional 27,990 shares during the period. Principal Financial Group Inc. lifted its position in Addus HomeCare by 17.5% during the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock worth $67,293,000 after purchasing an additional 75,409 shares during the period. Geode Capital Management LLC grew its stake in Addus HomeCare by 7.1% during the third quarter. Geode Capital Management LLC now owns 423,934 shares of the company's stock worth $56,406,000 after buying an additional 28,284 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Addus HomeCare by 28.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company's stock valued at $44,593,000 after buying an additional 78,835 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Addus HomeCare by 695.8% in the 4th quarter. American Century Companies Inc. now owns 284,346 shares of the company's stock valued at $35,643,000 after buying an additional 248,613 shares in the last quarter. Institutional investors own 95.35% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Citizens Jmp upgraded Addus HomeCare to a "strong-buy" rating in a research note on Monday, December 16th. Stephens reaffirmed an "overweight" rating and issued a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. JMP Securities reiterated a "market outperform" rating and issued a $150.00 target price on shares of Addus HomeCare in a research report on Thursday, April 10th. Finally, StockNews.com cut shares of Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Addus HomeCare currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.78.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS traded down $2.50 during mid-day trading on Tuesday, reaching $99.67. 101,336 shares of the company's stock were exchanged, compared to its average volume of 163,392. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a twelve month low of $87.88 and a twelve month high of $136.72. The business's fifty day moving average price is $100.73 and its 200-day moving average price is $117.77.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released 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 net margin of 6.50% and a return on equity of 9.62%. The company had revenue of $297.14 million during the quarter, compared to the consensus estimate of $291.04 million. Analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current fiscal 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.