Addus HomeCare Co. (NASDAQ:ADUS) Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 30.7% during the fourth quarter, Holdings Channel reports. The firm owned 375,112 shares of the company’s stock after selling 166,338 shares during the period. Wellington Management Group LLP’s holdings in Addus HomeCare were worth $47,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Addus HomeCare by 17.8% in the third quarter. The Manufacturers Life Insurance Company now owns 9,625 shares of the company’s stock valued at $1,280,000 after buying an additional 1,454 shares in the last quarter. FMR LLC grew its holdings in shares of Addus HomeCare by 22.8% in the 3rd quarter. FMR LLC now owns 86,464 shares of the company’s stock worth $11,502,000 after acquiring an additional 16,040 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Addus HomeCare by 8.9% during the third quarter. MetLife Investment Management LLC now owns 9,934 shares of the company’s stock worth $1,322,000 after purchasing an additional 814 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Addus HomeCare by 7.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,915 shares of the company’s stock valued at $4,512,000 after purchasing an additional 2,458 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Addus HomeCare in the 3rd quarter valued at $392,000. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Price Performance

Shares of NASDAQ ADUS opened at $100.31 on Friday. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72. The business’s 50-day moving average price is $105.09 and its two-hundred day moving average price is $119.60. The company has a market capitalization of $1.82 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, February 24th. The company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). The firm had revenue of $297.14 million during the quarter, compared to analyst estimates of $291.04 million. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. On average, equities analysts anticipate that Addus HomeCare Co. will post 4.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer upped their price objective on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JMP Securities initiated coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price target for the company. Stephens reiterated an “overweight” rating and set a $142.00 price objective on shares of Addus HomeCare in a research report on Wednesday, March 12th. Citizens Jmp upgraded Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Addus HomeCare has a consensus rating of “Moderate Buy” and a consensus price target of $132.78.

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.