Addus HomeCare Co. (NASDAQ:ADUS) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its stake in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,615 shares of the company's stock after selling 26,664 shares during the period. WCM Investment Management LLC owned 2.60% of Addus HomeCare worth $59,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Addus HomeCare during the third quarter worth $28,000. Farther Finance Advisors LLC lifted its position in Addus HomeCare by 9,150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company's stock worth $49,000 after acquiring an additional 366 shares during the period. KBC Group NV grew its stake in 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 during the last quarter. GAMMA Investing LLC increased its holdings in shares of Addus HomeCare by 25.7% in the third quarter. GAMMA Investing LLC now owns 935 shares of the company's stock valued at $124,000 after purchasing an additional 191 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Addus HomeCare by 11.5% in the third quarter. Assetmark Inc. now owns 1,169 shares of the company's stock worth $156,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company's stock.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS traded down $0.41 during trading on Wednesday, reaching $114.26. The stock had a trading volume of 398,188 shares, compared to its average volume of 162,803. The business has a fifty day moving average price of $126.29 and a 200-day moving average price of $127.19. Addus HomeCare Co. has a 1-year low of $85.94 and a 1-year high of $136.72. The stock has a market cap of $2.07 billion, a PE ratio of 26.15, a PEG ratio of 1.55 and a beta of 1.00.

Wall Street Analysts Forecast Growth

ADUS has been the topic of a number of recent research reports. 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 on the stock. 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 report on Wednesday, November 6th. Royal Bank of Canada reissued an "outperform" rating and set a $136.00 target price on shares of Addus HomeCare in a report on Thursday, November 14th. Citizens Jmp raised shares of Addus HomeCare to a "strong-buy" rating in a report on Monday, December 16th. Finally, StockNews.com upgraded Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $134.22.

Insider Activity

In other news, CEO R Dirk Allison sold 12,500 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $123.16, for a total transaction of $1,539,500.00. Following the transaction, the chief executive officer now owns 141,897 shares of the company's stock, valued at approximately $17,476,034.52. The trade was a 8.10 % 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 firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $121.00, for a total transaction of $272,250.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 39,750 shares of company stock worth $4,930,750 over the last three months. Insiders own 4.60% of the company's stock.

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.