Two Sigma Investments LP Decreases Stake in Addus HomeCare Co. (NASDAQ:ADUS)

Two Sigma Investments LP lowered its holdings in Addus HomeCare Co. (NASDAQ:ADUSFree Report) by 54.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,608 shares of the company’s stock after selling 14,782 shares during the quarter. Two Sigma Investments LP owned 0.07% of Addus HomeCare worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ADUS. Capital Research Global Investors bought a new stake in shares of Addus HomeCare in the fourth quarter worth $51,149,000. American Century Companies Inc. grew its holdings in shares of Addus HomeCare by 695.8% in the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock worth $35,643,000 after acquiring an additional 248,613 shares during the period. Bank of America Corp DE grew its holdings in shares of Addus HomeCare by 273.6% in the fourth quarter. Bank of America Corp DE now owns 175,070 shares of the company’s stock worth $21,945,000 after acquiring an additional 128,211 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Addus HomeCare by 28.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after acquiring an additional 78,835 shares during the period. Finally, Pier Capital LLC bought a new stake in shares of Addus HomeCare in the fourth quarter worth $8,406,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Insider Transactions at Addus HomeCare

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $115.00, for a total value of $235,175.00. Following the sale, the executive vice president now directly owns 7,796 shares in the company, valued at approximately $896,540. The trade was a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ADUS shares. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 price objective on shares of Addus HomeCare in a report on Tuesday, April 22nd. Stephens reaffirmed an “overweight” rating and issued a $142.00 price objective on shares of Addus HomeCare in a report on Wednesday, March 12th. Wall Street Zen lowered Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Macquarie lifted their price objective on Addus HomeCare from $129.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Addus HomeCare currently has a consensus rating of “Buy” and a consensus target price of $142.57.

Read Our Latest Stock Analysis on Addus HomeCare

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $112.68 on Wednesday. The stock has a 50-day simple moving average of $105.05 and a two-hundred day simple moving average of $112.61. Addus HomeCare Co. has a 52-week low of $88.96 and a 52-week high of $136.72. The firm has a market capitalization of $2.07 billion, a PE ratio of 25.78, a P/E/G ratio of 1.41 and a beta of 0.85.

Addus HomeCare (NASDAQ:ADUSGet Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The business had revenue of $337.71 million during the quarter, compared to analyst estimates of $341.66 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. Addus HomeCare’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. Equities analysts forecast that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Addus HomeCare Company Profile

(Free Report)

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.

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

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