Janney Montgomery Scott LLC Acquires 91 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Janney Montgomery Scott LLC boosted its stake in Addus HomeCare Co. (NASDAQ:ADUS) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,691 shares of the company’s stock after purchasing an additional 91 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of Addus HomeCare worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ADUS. Inspire Investing LLC boosted its stake in shares of Addus HomeCare by 3.3% during the third quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock valued at $414,000 after purchasing an additional 100 shares during the period. New York State Teachers Retirement System grew its holdings in Addus HomeCare by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock worth $1,132,000 after acquiring an additional 100 shares during the last quarter. Equitable Trust Co. increased its position in shares of Addus HomeCare by 2.2% in the third quarter. Equitable Trust Co. now owns 4,825 shares of the company’s stock valued at $642,000 after acquiring an additional 106 shares during the period. Royce & Associates LP raised its stake in shares of Addus HomeCare by 1.2% during the third quarter. Royce & Associates LP now owns 8,924 shares of the company’s stock valued at $1,187,000 after acquiring an additional 109 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Addus HomeCare by 11.5% during 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 period. 95.35% of the stock is currently owned by institutional investors.

Insider Activity at Addus HomeCare

In other news, CEO R Dirk Allison sold 25,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now directly owns 79,397 shares in the company, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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. Insiders have sold 39,750 shares of company stock valued at $4,930,750 over the last ninety days. Insiders own 4.60% of the company’s stock.

Addus HomeCare Stock Down 1.7 %

Addus HomeCare stock opened at $123.02 on Wednesday. The stock’s 50 day moving average is $126.87 and its 200 day moving average is $127.42. The company has a market capitalization of $2.23 billion, a P/E ratio of 28.15, a PEG ratio of 1.62 and a beta of 1.00. Addus HomeCare Co. has a twelve month low of $85.94 and a twelve month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, equities analysts expect that Addus HomeCare Co. will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ADUS. JMP Securities began coverage on Addus HomeCare in a report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $136.00 price objective on shares of Addus HomeCare in a research report on Thursday, November 14th. StockNews.com upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Stephens lifted their target price on shares of Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Macquarie restated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Monday, November 4th. One investment 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 stock. According to MarketBeat, Addus HomeCare has an average rating of “Buy” and an average target price of $134.22.

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.