Addus HomeCare Co. (NASDAQ:ADUS) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,698 shares of the company's stock after buying an additional 3,659 shares during the period. Envestnet Asset Management Inc. owned about 0.24% of Addus HomeCare worth $5,352,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Addus HomeCare by 324.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $35,000 after acquiring an additional 214 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Addus HomeCare by 38.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company's stock worth $67,000 after purchasing an additional 148 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Addus HomeCare during the 4th quarter worth $77,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Addus HomeCare during the fourth quarter worth $86,000. Finally, KBC Group NV raised its position in shares of Addus HomeCare by 49.1% in the fourth quarter. KBC Group NV now owns 814 shares of the company's stock valued at $102,000 after buying an additional 268 shares during the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Addus HomeCare Stock Performance

Shares of ADUS traded up $0.63 during midday trading on Friday, hitting $100.17. 51,943 shares of the stock were exchanged, compared to its average volume of 162,805. The firm has a market cap of $1.82 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 0.93. The stock has a fifty day simple moving average of $98.20 and a 200 day simple moving average of $116.35. Addus HomeCare Co. has a 52-week low of $88.96 and a 52-week high of $136.72.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADUS shares. Stephens reaffirmed an "overweight" rating and set a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Addus HomeCare in a report on Tuesday. Macquarie reissued an "outperform" rating and set a $129.00 price objective on shares of Addus HomeCare in a research note on Thursday, February 27th. Oppenheimer lifted their price target on Addus HomeCare from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, StockNews.com cut shares of Addus HomeCare from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $139.00.

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.