Principal Financial Group Inc. Sells 103,755 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Principal Financial Group Inc. reduced its stake in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 402,098 shares of the company's stock after selling 103,755 shares during the period. Principal Financial Group Inc. owned 2.22% of Addus HomeCare worth $50,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted 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 worth $1,340,000 after purchasing an additional 91 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Addus HomeCare by 1.2% during the third quarter. New York State Teachers Retirement System now owns 8,510 shares of the company's stock worth $1,132,000 after acquiring an additional 100 shares in the last quarter. Equitable Trust Co. lifted its holdings in Addus HomeCare by 2.2% during the third quarter. Equitable Trust Co. now owns 4,825 shares of the company's stock worth $642,000 after acquiring an additional 106 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Addus HomeCare by 1.2% during the 3rd quarter. Royce & Associates LP now owns 8,924 shares of the company's stock valued at $1,187,000 after purchasing an additional 109 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Addus HomeCare by 11.5% during the 3rd quarter. Assetmark Inc. now owns 1,169 shares of the company's stock valued at $156,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 95.35% of the company's stock.

Insider Buying and Selling

In other Addus HomeCare news, CEO R Dirk Allison sold 25,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 79,397 shares in the company, valued at approximately $9,905,569.72. This represents a 23.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Roberton James Stevenson sold 2,250 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the sale, the executive vice president now owns 10,217 shares of the company's stock, valued at $1,236,257. The trade was a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,750 shares of company stock worth $4,930,750 in the last ninety days. Company insiders own 4.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stephens lifted their price target on shares of Addus HomeCare from $143.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada restated an "outperform" rating and issued a $136.00 target price on shares of Addus HomeCare in a research note on Thursday, November 14th. JMP Securities assumed coverage on Addus HomeCare in a research report on Monday, December 16th. They set an "outperform" rating and a $150.00 price target for the company. Citizens Jmp upgraded shares of Addus HomeCare to a "strong-buy" rating in a research note on Monday, December 16th. Finally, Macquarie reiterated an "outperform" rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $134.22.

Addus HomeCare Trading Down 2.5 %

Addus HomeCare stock traded down $2.84 during mid-day trading on Friday, reaching $109.23. The company had a trading volume of 242,244 shares, compared to its average volume of 164,640. Addus HomeCare Co. has a fifty-two week low of $85.94 and a fifty-two week high of $136.72. The company has a market cap of $1.98 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.46 and a beta of 1.00. The business has a fifty day simple moving average of $125.35 and a 200 day simple moving average of $126.81.

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.