Envestnet Asset Management Inc. Grows Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Envestnet Asset Management Inc. increased its position in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,698 shares of the company’s stock after acquiring an additional 3,659 shares during the period. Envestnet Asset Management Inc. owned about 0.24% of Addus HomeCare worth $5,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Addus HomeCare by 17.5% during the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock worth $67,293,000 after buying an additional 75,409 shares during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 28,284 shares in the last quarter. TimesSquare Capital Management LLC raised its position in 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 purchasing an additional 78,835 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Addus HomeCare by 695.8% in the 4th quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock valued at $35,643,000 after buying an additional 248,613 shares during the period. Finally, Summit Creek Advisors LLC grew its position in shares of Addus HomeCare by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 208,562 shares of the company’s stock worth $26,143,000 after buying an additional 644 shares in the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Macquarie reiterated an “outperform” rating and set a $129.00 price target on shares of Addus HomeCare in a report on Thursday, February 27th. JMP Securities restated a “market outperform” rating and set a $150.00 target price on shares of Addus HomeCare in a research note on Thursday, April 10th. StockNews.com cut shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Stephens reissued an “overweight” rating and issued a $142.00 price target on shares of Addus HomeCare in a research report on Wednesday, March 12th. Finally, Oppenheimer lifted their target price on Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.78.

Addus HomeCare Trading Down 3.9 %

Shares of ADUS opened at $97.28 on Tuesday. The firm’s 50-day moving average is $99.11 and its two-hundred day moving average is $116.78. The firm has a market capitalization of $1.77 billion, a P/E ratio of 22.26, a PEG ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a twelve month low of $87.88 and a twelve month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.09). The firm had revenue of $297.14 million during the quarter, compared to analyst estimates of $291.04 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. Analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current 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.