Summit Creek Advisors LLC Raises Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Summit Creek Advisors LLC boosted its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 208,562 shares of the company’s stock after purchasing an additional 644 shares during the quarter. Addus HomeCare comprises 3.4% of Summit Creek Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Summit Creek Advisors LLC owned 1.15% of Addus HomeCare worth $26,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bridge City Capital LLC raised its stake in Addus HomeCare by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 36,451 shares of the company’s stock valued at $4,569,000 after purchasing an additional 302 shares during the period. LPL Financial LLC raised its stake in Addus HomeCare by 75.6% during the 4th quarter. LPL Financial LLC now owns 7,884 shares of the company’s stock valued at $988,000 after purchasing an additional 3,393 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Addus HomeCare during the 4th quarter valued at approximately $476,000. American Century Companies Inc. raised its stake in Addus HomeCare by 695.8% during the 4th quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock valued at $35,643,000 after purchasing an additional 248,613 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Addus HomeCare by 34.3% during the 4th quarter. Teacher Retirement System of Texas now owns 88,994 shares of the company’s stock valued at $11,155,000 after purchasing an additional 22,738 shares during the period. Institutional investors own 95.35% of the company’s stock.

Insider Activity at Addus HomeCare

In related news, CEO R Dirk Allison sold 25,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the completion of the transaction, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. The trade was a 23.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.60% of the stock is owned by company insiders.

Addus HomeCare Stock Performance

Shares of Addus HomeCare stock opened at $89.83 on Monday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The stock has a 50 day moving average price of $111.83 and a 200-day moving average price of $121.75. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72.

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

Analysts Set New Price Targets

Several analysts recently issued reports on ADUS shares. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a research note on Monday, December 16th. Macquarie reaffirmed an “outperform” rating and issued a $129.00 price objective on shares of Addus HomeCare in a research note on Thursday, February 27th. JMP Securities started coverage on Addus HomeCare in a research note on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective on the stock. Stephens reaffirmed an “overweight” rating and issued a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. Finally, StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Addus HomeCare currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.78.

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.