Addus HomeCare Co. (NASDAQ:ADUS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 30.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375,112 shares of the company's stock after selling 166,338 shares during the quarter. Wellington Management Group LLP owned 2.07% of Addus HomeCare worth $47,020,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Summit Place Financial Advisors LLC boosted its position in Addus HomeCare by 0.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company's stock valued at $1,180,000 after acquiring an additional 80 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Addus HomeCare by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company's stock valued at $1,340,000 after buying an additional 91 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of 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. Exchange Traded Concepts LLC increased its stake in shares of Addus HomeCare by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,923 shares of the company's stock worth $742,000 after purchasing an additional 150 shares in the last quarter. Finally, Heritage Family Offices LLP increased its stake in shares of Addus HomeCare by 7.5% in the 4th quarter. Heritage Family Offices LLP now owns 2,274 shares of the company's stock worth $285,000 after purchasing an additional 159 shares in the last quarter. 95.35% of the stock is owned by institutional investors.

Remove Ads

Addus HomeCare Stock Up 0.1 %

ADUS traded up $0.08 on Thursday, reaching $101.08. The company had a trading volume of 35,926 shares, compared to its average volume of 162,336. The stock has a market capitalization of $1.84 billion, a PE ratio of 23.20, a P/E/G ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a 1 year low of $87.88 and a 1 year high of $136.72. The stock has a 50-day moving average price of $102.07 and a 200-day moving average price of $118.51.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $291.04 million. As a group, analysts expect that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADUS has been the subject of several research reports. Citizens Jmp raised shares of Addus HomeCare to a "strong-buy" rating in a report on Monday, December 16th. Stephens reaffirmed an "overweight" rating and set a $142.00 target price on shares of Addus HomeCare in a research report on Wednesday, March 12th. Macquarie reissued an "outperform" rating and set a $129.00 price objective on shares of Addus HomeCare in a report on Thursday, February 27th. JMP Securities restated a "market outperform" rating and issued a $150.00 target price on shares of Addus HomeCare in a research note on Thursday. Finally, StockNews.com downgraded shares of Addus HomeCare from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.78.

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.