Natixis Advisors LLC Reduces Stake in Addus HomeCare Corporation $ADUS

Natixis Advisors LLC reduced its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 29.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,946 shares of the company’s stock after selling 13,780 shares during the period. Natixis Advisors LLC’s holdings in Addus HomeCare were worth $3,538,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its position in Addus HomeCare by 6.2% during the third quarter. TimesSquare Capital Management LLC now owns 418,348 shares of the company’s stock worth $49,361,000 after buying an additional 24,301 shares in the last quarter. Burney Co. purchased a new position in Addus HomeCare during the fourth quarter worth $1,841,000. Public Sector Pension Investment Board increased its position in Addus HomeCare by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 70,827 shares of the company’s stock worth $8,357,000 after buying an additional 8,893 shares in the last quarter. Capital Research Global Investors increased its position in Addus HomeCare by 9.0% during the third quarter. Capital Research Global Investors now owns 1,201,560 shares of the company’s stock worth $141,772,000 after buying an additional 99,262 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Addus HomeCare by 2.9% during the third quarter. Vanguard Group Inc. now owns 1,298,104 shares of the company’s stock worth $153,163,000 after buying an additional 36,674 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADUS has been the subject of several recent research reports. Stephens dropped their price target on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Barclays dropped their price target on Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating for the company in a research report on Friday, May 15th. Wall Street Zen downgraded Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Finally, Weiss Ratings downgraded Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.00.

Addus HomeCare Price Performance

Shares of Addus HomeCare stock opened at $92.70 on Wednesday. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $124.43. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.13, a PEG ratio of 1.24 and a beta of 0.89. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $93.78 and its 200 day moving average price is $103.64.

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

Addus HomeCare Company 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.