Alberta Investment Management Corp Purchases Shares of 16,882 Addus HomeCare Co. (NASDAQ:ADUS)

Alberta Investment Management Corp purchased a new position in Addus HomeCare Co. (NASDAQ:ADUS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,882 shares of the company’s stock, valued at approximately $2,116,000.

Other hedge funds have also recently modified their holdings of the company. Summit Place Financial Advisors LLC raised its holdings in shares of Addus HomeCare by 0.9% during the fourth quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company’s stock valued at $1,180,000 after acquiring an additional 80 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Addus HomeCare by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company’s stock valued at $1,340,000 after purchasing an additional 91 shares during the period. New York State Teachers Retirement System raised its holdings in Addus HomeCare by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock worth $1,132,000 after purchasing an additional 100 shares in the last quarter. Equitable Trust Co. raised its holdings in Addus HomeCare by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 4,825 shares of the company’s stock worth $642,000 after purchasing an additional 106 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Addus HomeCare by 1.2% in the 3rd quarter. Royce & Associates LP now owns 8,924 shares of the company’s stock worth $1,187,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Addus HomeCare from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Citizens Jmp upgraded Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. JMP Securities began coverage on Addus HomeCare in a research note on Monday, December 16th. They issued an “outperform” rating and a $150.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $136.00 price target on shares of Addus HomeCare in a research note on Thursday, November 14th. Finally, Macquarie reissued an “outperform” rating and set a $139.00 price objective on shares of Addus HomeCare in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $134.22.

Insider Transactions at Addus HomeCare

In other news, EVP Roberton James Stevenson sold 2,250 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the sale, the executive vice president now owns 10,217 shares in the company, valued at $1,236,257. This represents a 18.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R Dirk Allison sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the sale, the chief executive officer now directly owns 79,397 shares of the company’s stock, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,750 shares of company stock valued at $4,930,750 in the last quarter. 4.60% of the stock is owned by insiders.

Addus HomeCare Trading Down 2.5 %

Addus HomeCare stock opened at $109.23 on Friday. Addus HomeCare Co. has a 12 month low of $85.94 and a 12 month high of $136.72. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. The business’s fifty day simple moving average is $125.04 and its two-hundred day simple moving average is $126.75.

About Addus HomeCare

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.