King Luther Capital Management Corp Invests $4.22 Million in Addus HomeCare Co. (NASDAQ:ADUS)

King Luther Capital Management Corp acquired a new position in shares of Addus HomeCare Co. (NASDAQ:ADUS) in the 4th quarter, HoldingsChannel reports. The fund acquired 33,691 shares of the company’s stock, valued at approximately $4,223,000.

A number of other large investors have also recently made changes to their positions in the company. Summit Place Financial Advisors LLC boosted its position in shares of Addus HomeCare by 0.9% in the 4th quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company’s stock valued at $1,180,000 after purchasing an additional 80 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Addus HomeCare by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company’s stock worth $1,340,000 after buying an additional 91 shares in the last quarter. Royce & Associates LP raised its stake in shares of Addus HomeCare by 1.2% during the 3rd quarter. Royce & Associates LP now owns 8,924 shares of the company’s stock worth $1,187,000 after buying an additional 109 shares in the last quarter. Assetmark Inc. raised its stake in shares of Addus HomeCare by 11.5% during the 3rd quarter. Assetmark Inc. now owns 1,169 shares of the company’s stock worth $156,000 after buying an additional 121 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Addus HomeCare by 38.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Addus HomeCare

In related news, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares in the company, valued at approximately $9,905,569.72. This trade represents a 23.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a research note on Monday, December 16th. JMP Securities assumed coverage on Addus HomeCare in a research note on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Oppenheimer raised their price objective on Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Stephens reaffirmed an “overweight” rating and issued a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Addus HomeCare presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.78.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS opened at $93.09 on Thursday. The business’s fifty day moving average price is $117.30 and its two-hundred day moving average price is $124.04. The stock has a market cap of $1.69 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72.

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

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.