Allspring Global Investments Holdings LLC Acquires 107 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Allspring Global Investments Holdings LLC boosted its position in Addus HomeCare Co. (NASDAQ:ADUS) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,338 shares of the company’s stock after buying an additional 107 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.39% of Addus HomeCare worth $8,740,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ADUS. Equitable Trust Co. increased its position in shares of Addus HomeCare by 47.1% during the 4th quarter. Equitable Trust Co. now owns 7,096 shares of the company’s stock valued at $889,000 after purchasing an additional 2,271 shares during the last quarter. Empowered Funds LLC increased its position in shares of Addus HomeCare by 31.3% during the 4th quarter. Empowered Funds LLC now owns 18,227 shares of the company’s stock valued at $2,285,000 after purchasing an additional 4,340 shares during the last quarter. Cherry Creek Investment Advisors Inc. purchased a new position in shares of Addus HomeCare during the fourth quarter worth approximately $340,000. KBC Group NV increased its stake in Addus HomeCare by 49.1% in the 4th quarter. KBC Group NV now owns 814 shares of the company’s stock worth $102,000 after purchasing an additional 268 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Addus HomeCare by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,923 shares of the company’s stock valued at $742,000 after purchasing an additional 150 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Stock Up 0.4 %

Shares of NASDAQ ADUS opened at $113.64 on Wednesday. The firm’s 50-day moving average price is $125.70 and its 200-day moving average price is $127.01. Addus HomeCare Co. has a 52-week low of $85.94 and a 52-week high of $136.72. The company has a market cap of $2.06 billion, a PE ratio of 26.00, a PEG ratio of 1.55 and a beta of 1.00.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Macquarie reissued an “outperform” rating and set a $139.00 price target on shares of Addus HomeCare in a research report on Monday, November 4th. Oppenheimer raised their price objective on Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $136.00 target price on shares of Addus HomeCare in a research note on Thursday, November 14th. Stephens lifted their price target on Addus HomeCare from $143.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, JMP Securities assumed 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 on the stock. One 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, the stock has a consensus rating of “Buy” and a consensus target price of $134.22.

Insider Buying and Selling

In other news, CEO R Dirk Allison sold 12,500 shares of the stock in a transaction on Monday, November 25th. The stock was 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 directly owns 141,897 shares of the company’s stock, valued at $17,476,034.52. This represents a 8.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roberton James Stevenson sold 2,250 shares of Addus HomeCare stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the sale, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at $1,236,257. The trade was a 18.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,750 shares of company stock worth $4,930,750. 4.60% of the stock is owned by insiders.

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.