Addus HomeCare Co. (NASDAQ:ADUS) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 695.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,346 shares of the company’s stock after acquiring an additional 248,613 shares during the quarter. American Century Companies Inc.’s holdings in Addus HomeCare were worth $35,643,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Teacher Retirement System of Texas raised its position in shares of Addus HomeCare by 34.3% during the 4th quarter. Teacher Retirement System of Texas now owns 88,994 shares of the company’s stock worth $11,155,000 after purchasing an additional 22,738 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Addus HomeCare during the 4th quarter worth $86,000. Boston Partners increased its position in Addus HomeCare by 41.7% in the fourth quarter. Boston Partners now owns 173,697 shares of the company’s stock worth $22,032,000 after buying an additional 51,116 shares during the period. Intech Investment Management LLC lifted its stake in Addus HomeCare by 98.1% in the fourth quarter. Intech Investment Management LLC now owns 9,923 shares of the company’s stock valued at $1,244,000 after buying an additional 4,915 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Addus HomeCare during the fourth quarter valued at $204,000. Institutional investors own 95.35% of the company’s stock.

Analysts Set New Price Targets

ADUS has been the topic of several recent research reports. JMP Securities began coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective on the stock. Stephens reaffirmed an “overweight” rating and set a $142.00 price target on shares of Addus HomeCare in a report on Wednesday, March 12th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Macquarie reaffirmed an “outperform” rating and set a $129.00 target price on shares of Addus HomeCare in a research note on Thursday, February 27th. Finally, Oppenheimer increased their price target on Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.78.

Addus HomeCare Stock Performance

ADUS opened at $97.30 on Friday. The stock’s fifty day moving average is $108.31 and its 200-day moving average is $120.71. Addus HomeCare Co. has a one year low of $87.88 and a one year high of $136.72. The company has a market capitalization of $1.77 billion, a PE ratio of 22.27, a P/E/G ratio of 1.41 and a beta of 0.97.

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

Insider Buying and Selling

In other Addus HomeCare news, CEO R Dirk Allison sold 25,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares of the company’s stock, valued at approximately $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.60% of the stock is currently owned by insiders.

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.