Pier Capital LLC Purchases New Shares in Addus HomeCare Co. (NASDAQ:ADUS)

Pier Capital LLC acquired a new stake in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 67,061 shares of the company's stock, valued at approximately $8,406,000. Pier Capital LLC owned 0.37% of Addus HomeCare as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Addus HomeCare during the third quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its stake in Addus HomeCare by 324.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $35,000 after purchasing an additional 214 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 purchasing an additional 148 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Addus HomeCare in the 4th quarter valued at $86,000. Finally, KBC Group NV grew its position in shares of Addus HomeCare by 49.1% during the 4th quarter. KBC Group NV now owns 814 shares of the company's stock valued at $102,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company's stock.

Insider Buying and Selling at Addus HomeCare

In other Addus HomeCare news, CEO R Dirk Allison sold 25,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value 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. The trade was a 23.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADUS shares. Citizens Jmp raised Addus HomeCare to a "strong-buy" rating in a research note on Monday, December 16th. StockNews.com cut shares of Addus HomeCare from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Stephens reiterated an "overweight" rating and issued a $142.00 target price on shares of Addus HomeCare in a research report on Wednesday, March 12th. Oppenheimer increased their target price on Addus HomeCare from $145.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, JMP Securities started coverage on Addus HomeCare in a research note on Monday, December 16th. They set an "outperform" rating and a $150.00 price target for the company. One investment 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.78.

Addus HomeCare Stock Down 0.5 %

Shares of ADUS traded down $0.50 during trading hours on Friday, hitting $97.30. The company had a trading volume of 319,210 shares, compared to its average volume of 155,532. The firm has a market cap of $1.77 billion, a P/E ratio of 22.27, 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. The stock's 50 day moving average price is $108.31 and its 200 day moving average price is $120.67.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate 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. On average, research analysts expect 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.