Allspring Global Investments Holdings LLC Decreases Stake in Addus HomeCare Corporation $ADUS

Allspring Global Investments Holdings LLC cut its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,409 shares of the company’s stock after selling 6,552 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.46% of Addus HomeCare worth $9,172,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hohimer Wealth Management LLC raised its holdings in shares of Addus HomeCare by 3.4% during the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after acquiring an additional 88 shares in the last quarter. Amalgamated Bank grew its stake in shares of Addus HomeCare by 1.8% in the 3rd quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock worth $618,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Addus HomeCare by 6.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $210,000 after buying an additional 105 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Addus HomeCare by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock worth $2,150,000 after buying an additional 106 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its position in shares of Addus HomeCare by 1.5% during the 3rd quarter. Sheets Smith Wealth Management now owns 7,524 shares of the company’s stock valued at $888,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Stock Performance

Addus HomeCare stock opened at $91.59 on Monday. Addus HomeCare Corporation has a fifty-two week low of $91.32 and a fifty-two week high of $124.43. The company has a market capitalization of $1.71 billion, a PE ratio of 17.58, a P/E/G ratio of 1.26 and a beta of 0.96. The company has a 50 day moving average price of $104.12 and a 200-day moving average price of $110.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.80.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADUS. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and set a $139.00 price objective on shares of Addus HomeCare in a research report on Wednesday, February 25th. Truist Financial set a $135.00 price objective on Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Stephens dropped their target price on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.22.

Insider Activity

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total value of $31,608.00. Following the completion of the sale, the executive vice president directly owned 9,444 shares in the company, valued at $995,019.84. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darby Anderson sold 396 shares of Addus HomeCare stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $105.36, for a total transaction of $41,722.56. Following the completion of the transaction, the executive vice president directly owned 46,246 shares in the company, valued at $4,872,478.56. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,610 shares of company stock worth $1,768,970 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

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.