American Century Companies Inc. Grows Position in Addus HomeCare Co. (NASDAQ:ADUS)

American Century Companies Inc. raised its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 695.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 284,346 shares of the company’s stock after purchasing an additional 248,613 shares during the period. American Century Companies Inc. owned 1.57% of Addus HomeCare worth $35,643,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Wasatch Advisors LP increased its holdings in shares of Addus HomeCare by 11.8% during the 3rd quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company’s stock worth $138,782,000 after buying an additional 110,010 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in Addus HomeCare by 28.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after acquiring an additional 78,835 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Addus HomeCare by 17.5% in the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company’s stock worth $67,293,000 after purchasing an additional 75,409 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Addus HomeCare in the 4th quarter valued at about $6,637,000. Finally, Boston Partners grew its holdings in shares of Addus HomeCare by 41.7% during the 4th quarter. Boston Partners now owns 173,697 shares of the company’s stock worth $22,032,000 after purchasing an additional 51,116 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Insider Buying and Selling

In other Addus HomeCare news, CEO R Dirk Allison sold 25,000 shares of the 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 transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

ADUS has been the topic of a number of recent research reports. JMP Securities initiated coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. StockNews.com lowered shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Macquarie reissued an “outperform” rating and issued a $129.00 price objective on shares of Addus HomeCare in a research report on Thursday, February 27th. Oppenheimer upped their target price on Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Citizens Jmp upgraded Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.78.

Addus HomeCare Trading Down 0.5 %

Addus HomeCare stock opened at $97.30 on Friday. The stock has a 50 day moving average of $108.31 and a 200-day moving average of $120.71. The stock has a market cap of $1.77 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. Addus HomeCare Co. has a 52 week low of $87.88 and a 52 week high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last posted 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 company had revenue of $297.14 million for the quarter, compared to the consensus estimate of $291.04 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. As a group, equities analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal 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.