Vontobel Holding Ltd. Lowers Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Vontobel Holding Ltd. trimmed its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,956 shares of the company’s stock after selling 335 shares during the quarter. Vontobel Holding Ltd.’s holdings in Addus HomeCare were worth $367,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its holdings in Addus HomeCare by 2.9% in the third quarter. Hsbc Holdings PLC now owns 41,578 shares of the company’s stock valued at $3,542,000 after purchasing an additional 1,177 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Addus HomeCare by 61.6% in the third quarter. First Eagle Investment Management LLC now owns 46,239 shares of the company’s stock valued at $3,939,000 after purchasing an additional 17,630 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Addus HomeCare by 4.9% in the third quarter. Vanguard Group Inc. now owns 1,218,564 shares of the company’s stock valued at $103,809,000 after purchasing an additional 57,040 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in Addus HomeCare by 55.0% in the third quarter. TimesSquare Capital Management LLC now owns 233,758 shares of the company’s stock valued at $19,914,000 after purchasing an additional 82,920 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its holdings in Addus HomeCare by 14.5% in the third quarter. Summit Creek Advisors LLC now owns 288,158 shares of the company’s stock valued at $24,548,000 after purchasing an additional 36,578 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADUS shares. Royal Bank of Canada reissued an “outperform” rating and set a $102.00 target price on shares of Addus HomeCare in a research note on Thursday, February 29th. William Blair reissued an “outperform” rating on shares of Addus HomeCare in a research note on Monday, February 5th. Oppenheimer reissued an “outperform” rating and set a $118.00 target price on shares of Addus HomeCare in a research note on Tuesday, March 26th. Finally, Barclays lowered shares of Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 target price on the stock. in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.00.

Addus HomeCare Stock Up 1.4 %

ADUS opened at $94.76 on Wednesday. Addus HomeCare Co. has a twelve month low of $77.30 and a twelve month high of $114.97. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $97.58 and a 200 day moving average price of $91.48. The company has a market cap of $1.54 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, February 26th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. Addus HomeCare had a net margin of 5.91% and a return on equity of 9.70%. The firm had revenue of $276.35 million during the quarter, compared to the consensus estimate of $274.02 million. Sell-side analysts expect that Addus HomeCare Co. will post 4.38 earnings per share for the current fiscal year.

Addus HomeCare 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.