Legato Capital Management LLC Boosts Stake in Addus HomeCare Corporation $ADUS

Legato Capital Management LLC grew its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 80.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,352 shares of the company’s stock after buying an additional 6,867 shares during the period. Legato Capital Management LLC owned 0.08% of Addus HomeCare worth $1,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in shares of Addus HomeCare by 395.7% in the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after buying an additional 186 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Addus HomeCare by 133.3% in the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after buying an additional 112 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Addus HomeCare in the third quarter worth $37,000. Finally, Wexford Capital LP purchased a new position in shares of Addus HomeCare in the third quarter worth $41,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Insider Activity at Addus HomeCare

In related news, EVP Michael D. Wattenbarger sold 300 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $31,608.00. Following the sale, the executive vice president owned 9,444 shares in the company, valued at approximately $995,019.84. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sean Gaffney sold 442 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $46,569.12. Following the sale, the executive vice president owned 20,080 shares in the company, valued at approximately $2,115,628.80. This represents a 2.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,288 shares of company stock valued at $1,832,133 in the last quarter. 4.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ADUS has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Stephens decreased their price target on shares of Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a report on Wednesday, February 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 target price on shares of Addus HomeCare in a report on Wednesday, February 25th. Finally, Weiss Ratings cut shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

Addus HomeCare Stock Down 0.7%

Addus HomeCare stock opened at $92.65 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. Addus HomeCare Corporation has a 52 week low of $89.76 and a 52 week high of $124.43. The business’s 50-day moving average price is $95.72 and its 200 day moving average price is $105.47. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.08.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $363.50 million for the quarter, compared to analyst estimates of $366.41 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Addus HomeCare Corporation will post 6.24 earnings per share for the current year.

Addus HomeCare Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.