Advisory Research Inc. Sells 62,331 Shares of Addus HomeCare Corporation (ADUS)
Advisory Research Inc. decreased its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 16.5% during the fourth quarter, Holdings Channel reports. The firm owned 315,573 shares of the company’s stock after selling 62,331 shares during the period. Advisory Research Inc. owned about 2.78% of Addus HomeCare Corporation worth $11,061,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Addus HomeCare Corporation during the fourth quarter worth about $130,000. US Bancorp DE raised its stake in shares of Addus HomeCare Corporation by 2.0% in the third quarter. US Bancorp DE now owns 6,218 shares of the company’s stock worth $163,000 after buying an additional 119 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Addus HomeCare Corporation during the third quarter worth about $230,000. California Public Employees Retirement System acquired a new stake in shares of Addus HomeCare Corporation during the third quarter worth about $246,000. Finally, California State Teachers Retirement System raised its stake in shares of Addus HomeCare Corporation by 12.8% in the second quarter. California State Teachers Retirement System now owns 15,503 shares of the company’s stock worth $270,000 after buying an additional 1,755 shares during the period. Institutional investors own 97.06% of the company’s stock.
Shares of Addus HomeCare Corporation (NASDAQ:ADUS) traded down 1.42% during trading on Thursday, hitting $34.80. The stock had a trading volume of 20,894 shares. The stock’s 50-day moving average price is $34.84 and its 200-day moving average price is $29.31. The company has a market cap of $395.54 million, a P/E ratio of 49.86 and a beta of 0.75. Addus HomeCare Corporation has a one year low of $15.33 and a one year high of $36.40.
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A number of analysts have issued reports on ADUS shares. Zacks Investment Research lowered shares of Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $30.00 price target on shares of Addus HomeCare Corporation in a research note on Thursday, November 10th.
Addus HomeCare Corporation Company Profile
Addus HomeCare Corporation is a provider of home and community-based personal care services, which are provided primarily in the home, and is focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include non-medical care, such as personal care, home support services and adult day care.
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