Smartleaf Asset Management LLC Boosts Stake in Addus HomeCare Co. (NASDAQ:ADUS)

Smartleaf Asset Management LLC boosted its position in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 324.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 280 shares of the company’s stock after purchasing an additional 214 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Addus HomeCare were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADUS. Quarry LP acquired a new position in Addus HomeCare in the third quarter valued at $28,000. Farther Finance Advisors LLC boosted its position in shares of Addus HomeCare by 9,150.0% in the third 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 period. Parkside Financial Bank & Trust boosted its holdings in Addus HomeCare by 38.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock valued at $67,000 after purchasing an additional 148 shares during the last quarter. KBC Group NV boosted its holdings in Addus HomeCare by 49.1% in the fourth 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. Finally, Assetmark Inc. boosted its holdings in Addus HomeCare by 11.5% in the third quarter. Assetmark Inc. now owns 1,169 shares of the company’s stock valued at $156,000 after purchasing an additional 121 shares during the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADUS has been the topic of a number of research reports. JMP Securities started coverage on Addus HomeCare in a research report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $136.00 price target on shares of Addus HomeCare in a report on Thursday, November 14th. Oppenheimer lifted 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. Macquarie reaffirmed an “outperform” rating and issued a $129.00 price target on shares of Addus HomeCare in a research report on Thursday, February 27th. Finally, Citizens Jmp upgraded Addus HomeCare to a “strong-buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.78.

Addus HomeCare Price Performance

Shares of ADUS opened at $93.09 on Thursday. The company has a market capitalization of $1.69 billion, a P/E ratio of 21.30, a PEG ratio of 1.41 and a beta of 0.97. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72. The business’s 50 day simple moving average is $117.30 and its 200-day simple moving average is $124.04.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, February 24th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, sell-side analysts anticipate that Addus HomeCare Co. will post 4.59 EPS for the current fiscal year.

Insider Activity

In related news, CEO R Dirk Allison sold 25,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value of $3,119,000.00. Following the completion of the sale, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. This represents a 23.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.60% of the stock is currently owned by company 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.