Guinness Asset Management LTD Sells 168 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Guinness Asset Management LTD lessened its position in Addus HomeCare Co. (NASDAQ:ADUS) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,495 shares of the company’s stock after selling 168 shares during the period. Guinness Asset Management LTD’s holdings in Addus HomeCare were worth $564,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC grew its holdings in shares of Addus HomeCare by 3.3% in the 3rd quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock valued at $414,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System lifted its holdings in Addus HomeCare by 1.2% during the third quarter. New York State Teachers Retirement System now owns 8,510 shares of the company’s stock worth $1,132,000 after acquiring an additional 100 shares in the last quarter. Equitable Trust Co. grew its stake in Addus HomeCare by 2.2% in the third quarter. Equitable Trust Co. now owns 4,825 shares of the company’s stock valued at $642,000 after acquiring an additional 106 shares during the period. Royce & Associates LP increased its holdings in shares of Addus HomeCare by 1.2% in the third quarter. Royce & Associates LP now owns 8,924 shares of the company’s stock worth $1,187,000 after acquiring an additional 109 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Addus HomeCare by 11.5% during the third quarter. Assetmark Inc. now owns 1,169 shares of the company’s stock worth $156,000 after purchasing an additional 121 shares during the period. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADUS has been the subject of several research analyst reports. Macquarie reiterated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research report on Monday, November 4th. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. KeyCorp assumed coverage on shares of Addus HomeCare in a report on Friday, October 11th. They set an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer upped their target price on shares of Addus HomeCare from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.67.

Insider Buying and Selling

In other news, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction that occurred 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 directly owns 79,397 shares in the company, valued at approximately $9,905,569.72. The trade was a 23.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Roberton James Stevenson sold 2,250 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the sale, the executive vice president now owns 10,217 shares in the company, valued at approximately $1,236,257. This trade represents a 18.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,750 shares of company stock worth $4,930,750. Insiders own 4.60% of the company’s stock.

Addus HomeCare Price Performance

Shares of NASDAQ ADUS opened at $133.87 on Monday. The business has a 50-day moving average of $125.28 and a 200-day moving average of $126.59. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.63 and a beta of 1.00. Addus HomeCare Co. has a fifty-two week low of $85.94 and a fifty-two week high of $136.12.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts expect that Addus HomeCare Co. will post 4.58 EPS for the current year.

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.