Proficio Capital Partners LLC Invests $1.93 Million in Addus HomeCare Co. (NASDAQ:ADUS)

Proficio Capital Partners LLC bought a new position in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,418 shares of the company's stock, valued at approximately $1,933,000. Proficio Capital Partners LLC owned 0.09% of Addus HomeCare as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. New York State Teachers Retirement System lifted its holdings in shares of 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 valued at $1,132,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Addus HomeCare by 9,150.0% during the third quarter. Farther Finance Advisors LLC now owns 370 shares of the company's stock valued at $49,000 after buying an additional 366 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Addus HomeCare by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 10,600 shares of the company's stock worth $1,410,000 after acquiring an additional 234 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Addus HomeCare during the third quarter valued at approximately $414,000. Finally, Principal Financial Group Inc. boosted its position in shares of Addus HomeCare by 17.5% in the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock worth $67,293,000 after buying an additional 75,409 shares during the period. 95.35% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADUS shares. Royal Bank of Canada reissued an "outperform" rating and set a $136.00 price target on shares of Addus HomeCare in a research report on Thursday, November 14th. JMP Securities initiated coverage on Addus HomeCare in a report on Monday, December 16th. They issued an "outperform" rating and a $150.00 target price on the stock. Macquarie restated an "outperform" rating and set a $129.00 price target on shares of Addus HomeCare in a report on Thursday, February 27th. Oppenheimer upped 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. Finally, Stephens decreased their target price on shares of Addus HomeCare from $153.00 to $142.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.78.

Addus HomeCare Price Performance

Shares of ADUS stock traded down $2.26 during trading on Monday, reaching $94.77. The company had a trading volume of 325,446 shares, compared to its average volume of 203,932. The company has a market capitalization of $1.72 billion, a PE ratio of 21.69, a PEG ratio of 1.41 and a beta of 0.97. The firm's 50 day simple moving average is $118.54 and its two-hundred day simple moving average is $124.57. Addus HomeCare Co. has a one year low of $87.88 and a one year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.09). Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The firm had revenue of $297.14 million for the quarter, compared to the consensus estimate of $291.04 million. Analysts forecast that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Insider Activity

In related news, CEO R Dirk Allison sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the completion of the transaction, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.60% of the stock is currently owned by company insiders.

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.