Addus HomeCare Co. (NASDAQ:ADUS) Stake Lessened by Kennedy Capital Management LLC

by · The Cerbat Gem

Kennedy Capital Management LLC trimmed its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS – Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,233 shares of the company’s stock after selling 1,107 shares during the quarter. Kennedy Capital Management LLC’s holdings in Addus HomeCare were worth $10,183,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ADUS. State Street Corp lifted its position in shares of Addus HomeCare by 4.4% during the third quarter. State Street Corp now owns 663,610 shares of the company’s stock worth $88,280,000 after purchasing an additional 27,990 shares during the last quarter. Principal Financial Group Inc. raised its stake in Addus HomeCare by 17.5% during the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock valued at $67,293,000 after buying an additional 75,409 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Addus HomeCare by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,934 shares of the company’s stock worth $56,406,000 after buying an additional 28,284 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Addus HomeCare by 28.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock valued at $44,593,000 after acquiring an additional 78,835 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Addus HomeCare by 6.5% during the fourth quarter. Invesco Ltd. now owns 346,120 shares of the company’s stock worth $43,386,000 after purchasing an additional 21,266 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price objective on shares of Addus HomeCare in a research report on Thursday. StockNews.com lowered Addus HomeCare from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Stephens reiterated an “overweight” rating and issued a $142.00 target price on shares of Addus HomeCare in a research note on Wednesday, March 12th. Oppenheimer upped their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Macquarie reiterated an “outperform” rating and issued a $129.00 price objective on shares of Addus HomeCare in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.78.

Read Our Latest Research Report on ADUS

Addus HomeCare Trading Up 0.8 %

ADUS stock opened at $101.77 on Friday. The firm’s 50-day moving average is $101.60 and its two-hundred day moving average is $118.29. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a 52 week low of $87.88 and a 52 week high of $136.72.

Addus HomeCare (NASDAQ:ADUS – Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.09). The firm had revenue of $297.14 million for the quarter, compared to the consensus estimate of $291.04 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. On average, equities research analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Addus HomeCare Profile

(Free Report)

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.

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