Trust Point Inc. Has $591,000 Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Trust Point Inc. lessened its stake in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 46.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,715 shares of the company's stock after selling 4,044 shares during the period. Trust Point Inc.'s holdings in Addus HomeCare were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADUS. Wasatch Advisors LP boosted its position in shares of Addus HomeCare by 11.8% during the 3rd quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company's stock valued at $138,782,000 after purchasing an additional 110,010 shares in the last quarter. State Street Corp boosted its position in shares of Addus HomeCare by 4.4% during the 3rd quarter. State Street Corp now owns 663,610 shares of the company's stock valued at $88,280,000 after purchasing an additional 27,990 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Addus HomeCare by 17.5% during the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock valued at $67,293,000 after purchasing an additional 75,409 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Addus HomeCare by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 498,279 shares of the company's stock valued at $65,250,000 after purchasing an additional 13,938 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Addus HomeCare by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,934 shares of the company's stock valued at $56,406,000 after purchasing an additional 28,284 shares in the last quarter. Institutional investors own 95.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JMP Securities initiated coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They set an "outperform" rating and a $150.00 price objective for the company. KeyCorp initiated coverage on shares of Addus HomeCare in a research note on Friday, October 11th. They set an "overweight" rating and a $150.00 price objective for the company. Stephens upped their price objective 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. StockNews.com raised shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Friday, January 24th. Finally, Citizens Jmp raised shares of Addus HomeCare to a "strong-buy" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $134.22.

Addus HomeCare Trading Down 3.0 %

NASDAQ ADUS traded down $3.64 during trading on Friday, reaching $116.10. The company's stock had a trading volume of 190,809 shares, compared to its average volume of 146,843. The stock has a market capitalization of $2.10 billion, a PE ratio of 26.57, a PEG ratio of 1.55 and a beta of 1.00. The business has a 50-day moving average price of $126.76 and a 200-day moving average price of $127.35. Addus HomeCare Co. has a 1-year low of $85.94 and a 1-year high of $136.72.

Insider Buying and Selling at Addus HomeCare

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

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.