KLP Kapitalforvaltning AS purchased a new position in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,800 shares of the company's stock, valued at approximately $476,000.
Other hedge funds also recently bought and sold shares of the company. Summit Place Financial Advisors LLC raised its holdings in Addus HomeCare by 0.9% in the fourth quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company's stock worth $1,180,000 after buying an additional 80 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Addus HomeCare by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company's stock valued at $1,340,000 after acquiring an additional 91 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings 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. Exchange Traded Concepts LLC lifted its position in Addus HomeCare by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,923 shares of the company's stock valued at $742,000 after acquiring an additional 150 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its stake in Addus HomeCare by 7.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,274 shares of the company's stock valued at $285,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 95.35% of the company's stock.
Addus HomeCare Trading Down 0.7 %
ADUS stock traded down $0.68 during midday trading on Tuesday, reaching $96.32. 241,541 shares of the company's stock traded hands, compared to its average volume of 161,405. The stock's 50-day moving average is $103.06 and its 200 day moving average is $118.86. The stock has a market cap of $1.75 billion, a P/E ratio of 22.04, a PEG ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a 52-week low of $87.88 and a 52-week high of $136.72.
Addus HomeCare (NASDAQ:ADUS - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $1.26 EPS for the quarter, missing the consensus estimate 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 return on equity of 9.62% and a net margin of 6.50%. As a group, research analysts expect that Addus HomeCare Co. will post 4.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Macquarie restated an "outperform" rating and issued a $129.00 price target on shares of Addus HomeCare in a research note on Thursday, February 27th. JMP Securities assumed coverage on Addus HomeCare in a research report on Monday, December 16th. They issued an "outperform" rating and a $150.00 target price for the company. Oppenheimer raised their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com cut shares of Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Citizens Jmp upgraded shares of Addus HomeCare to a "strong-buy" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.78.
Read Our Latest Research Report on Addus HomeCare
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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