Algert Global LLC reduced its stake in Addus Homecare Co. (NASDAQ:ADUS) by 62.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,974 shares of the company’s stock after selling 29,554 shares during the quarter. Algert Global LLC’s holdings in Addus Homecare were worth $1,261,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in Addus Homecare by 30.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 16,279 shares of the company’s stock worth $932,000 after buying an additional 3,779 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Addus Homecare during the 2nd quarter worth approximately $118,000. Bank of America Corp DE lifted its holdings in Addus Homecare by 240.4% during the 2nd quarter. Bank of America Corp DE now owns 5,878 shares of the company’s stock worth $336,000 after buying an additional 4,151 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in Addus Homecare during the 2nd quarter worth approximately $2,558,000. Finally, ClariVest Asset Management LLC acquired a new stake in Addus Homecare during the 2nd quarter worth approximately $3,781,000. Hedge funds and other institutional investors own 92.89% of the company’s stock.

In other news, major shareholder Eos Capital Partners Iii L. P sold 540,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $72.46, for a total value of $39,128,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Laurie Manning sold 1,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $71.91, for a total transaction of $71,910.00. Following the completion of the sale, the executive vice president now owns 11,537 shares in the company, valued at $829,625.67. The disclosure for this sale can be found here. Insiders sold a total of 923,400 shares of company stock worth $66,935,850 over the last 90 days. Company insiders own 34.80% of the company’s stock.

A number of equities research analysts have issued reports on ADUS shares. ValuEngine upgraded shares of Addus Homecare from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 4th. BidaskClub lowered shares of Addus Homecare from a “strong-buy” rating to a “buy” rating in a report on Friday, August 10th. Jefferies Financial Group started coverage on shares of Addus Homecare in a report on Tuesday, August 21st. They set a “buy” rating and a $75.00 target price on the stock. Oppenheimer increased their target price on shares of Addus Homecare from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research lowered shares of Addus Homecare from a “hold” rating to a “strong sell” rating in a report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Addus Homecare currently has a consensus rating of “Buy” and an average price target of $73.50.

Shares of ADUS opened at $74.40 on Friday. Addus Homecare Co. has a twelve month low of $31.67 and a twelve month high of $77.82. The firm has a market capitalization of $999.93 million, a PE ratio of 51.31, a PEG ratio of 3.02 and a beta of -0.27. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37.

Addus Homecare (NASDAQ:ADUS) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. Addus Homecare had a net margin of 3.25% and a return on equity of 9.55%. The business had revenue of $137.63 million for the quarter, compared to analyst estimates of $139.43 million. Equities analysts expect that Addus Homecare Co. will post 1.69 EPS for the current year.

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Addus Homecare Company Profile

Addus HomeCare Corporation 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's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.

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Institutional Ownership by Quarter for Addus Homecare (NASDAQ:ADUS)

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