Bridge City Capital LLC Sells 341 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Bridge City Capital LLC decreased its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,110 shares of the company’s stock after selling 341 shares during the quarter. Bridge City Capital LLC’s holdings in Addus HomeCare were worth $3,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis increased its stake in shares of Addus HomeCare by 111.9% during the 4th quarter. Natixis now owns 250 shares of the company’s stock worth $31,000 after purchasing an additional 132 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Addus HomeCare by 324.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $35,000 after purchasing an additional 214 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Addus HomeCare by 38.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $67,000 after buying an additional 148 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Addus HomeCare during the 4th quarter worth about $77,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Addus HomeCare during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ADUS shares. Stephens reissued an “overweight” rating and issued a $142.00 price target on shares of Addus HomeCare in a report on Wednesday, March 12th. Wall Street Zen cut shares of Addus HomeCare from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Macquarie lifted their price objective on shares of Addus HomeCare from $129.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Addus HomeCare in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $142.57.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 2,045 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $115.00, for a total transaction of $235,175.00. Following the completion of the sale, the executive vice president now directly owns 7,796 shares in the company, valued at approximately $896,540. This trade represents a 20.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.60% of the stock is owned by company insiders.

Addus HomeCare Trading Up 0.9%

Shares of NASDAQ:ADUS opened at $113.13 on Monday. The stock has a market capitalization of $2.08 billion, a PE ratio of 25.89, a PEG ratio of 1.41 and a beta of 0.81. The firm has a 50 day moving average of $105.90 and a 200-day moving average of $112.39. Addus HomeCare Co. has a 12 month low of $88.96 and a 12 month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $337.71 million during the quarter, compared to analysts’ expectations of $341.66 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. On average, research analysts predict that Addus HomeCare Co. will post 4.59 EPS 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.