Addus HomeCare Corporation $ADUS Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC lifted its holdings in Addus HomeCare Corporation (NASDAQ:ADUS) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,625 shares of the company’s stock after purchasing an additional 17,824 shares during the quarter. Kennedy Capital Management LLC’s holdings in Addus HomeCare were worth $23,200,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ADUS. AlphaQuest LLC acquired a new stake in Addus HomeCare in the third quarter worth about $37,000. State of Wyoming acquired a new position in Addus HomeCare during the 2nd quarter valued at about $47,000. Raymond James Financial Inc. bought a new stake in shares of Addus HomeCare during the 2nd quarter worth about $61,000. Blue Trust Inc. lifted its stake in shares of Addus HomeCare by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $63,000 after acquiring an additional 161 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Addus HomeCare by 560.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 561 shares of the company’s stock worth $65,000 after acquiring an additional 476 shares during the period. 95.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Stephens lowered their price objective on shares of Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Barclays cut their target price on Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets started coverage on Addus HomeCare in a research report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price target on the stock. KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Addus HomeCare currently has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Insiders Place Their Bets

In other news, EVP Sean Gaffney sold 817 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total transaction of $87,402.66. Following the sale, the executive vice president owned 20,522 shares in the company, valued at $2,195,443.56. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darby Anderson sold 733 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total transaction of $78,416.34. Following the completion of the sale, the executive vice president owned 46,642 shares of the company’s stock, valued at approximately $4,989,761.16. This trade represents a 1.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,760 shares of company stock valued at $1,786,247 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

Addus HomeCare Trading Down 0.1%

ADUS traded down $0.11 during trading on Friday, reaching $99.63. The company had a trading volume of 32,526 shares, compared to its average volume of 230,424. The firm’s 50-day simple moving average is $108.05 and its 200 day simple moving average is $112.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.44 and a beta of 0.92. Addus HomeCare Corporation has a 12-month low of $88.96 and a 12-month high of $124.43.

Addus HomeCare Company Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.