Stifel Financial Corp Sells 1,648 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Stifel Financial Corp cut its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,641 shares of the company’s stock after selling 1,648 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Addus HomeCare worth $1,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in Addus HomeCare by 64.2% in the second quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after buying an additional 88 shares in the last quarter. Quarry LP bought a new position in shares of Addus HomeCare during the 3rd quarter worth approximately $28,000. Quest Partners LLC purchased a new position in Addus HomeCare in the second quarter worth $31,000. Innealta Capital LLC purchased a new stake in shares of Addus HomeCare during the 2nd quarter valued at $44,000. Finally, Farther Finance Advisors LLC grew its stake 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 buying an additional 366 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO R Dirk Allison sold 12,500 shares of Addus HomeCare stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $123.16, for a total value of $1,539,500.00. Following the completion of the sale, the chief executive officer now owns 141,897 shares in the company, valued at approximately $17,476,034.52. This trade represents a 8.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the transaction, the executive vice president now owns 10,217 shares of the company’s stock, valued at $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Addus HomeCare in a report on Friday, October 11th. They set an “overweight” rating and a $150.00 price objective on the stock. 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. Macquarie reissued an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Monday, November 4th. Stephens raised their price target on shares of Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Citizens Jmp raised shares of Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $133.67.

Addus HomeCare Stock Performance

Shares of NASDAQ ADUS opened at $131.40 on Friday. The firm has a market cap of $2.38 billion, a PE ratio of 30.07, a PEG ratio of 2.11 and a beta of 1.01. Addus HomeCare Co. has a one year low of $85.94 and a one year high of $136.12. The firm has a fifty day moving average of $125.84 and a 200 day moving average of $124.87.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results on Monday, November 4th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.42 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, equities analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current fiscal year.

Addus HomeCare 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.