Addus HomeCare Co. (NASDAQ:ADUS) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 138.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,277 shares of the company's stock after buying an additional 3,063 shares during the quarter. Gotham Asset Management LLC's holdings in Addus HomeCare were worth $661,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Natixis raised 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 buying an additional 132 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Addus HomeCare by 324.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $35,000 after buying an additional 214 shares during the period. Parkside Financial Bank & Trust raised 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 period. Meeder Asset Management Inc. acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $77,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $86,000. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Stock Up 0.6%

Shares of ADUS traded up $0.63 during midday trading on Friday, reaching $112.16. The company had a trading volume of 181,565 shares, compared to its average volume of 167,734. Addus HomeCare Co. has a 1-year low of $88.96 and a 1-year high of $136.72. The stock has a market cap of $2.06 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.41 and a beta of 0.85. The firm has a 50 day simple moving average of $102.28 and a 200-day simple moving average of $113.20.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last issued its earnings results 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. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The business had revenue of $337.71 million during the quarter, compared to the consensus estimate of $341.66 million. During the same period last year, the company earned $1.21 EPS. The company's revenue for the quarter was up 20.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADUS shares. Oppenheimer upped their target price on Addus HomeCare from $145.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. JMP Securities reissued a "market outperform" rating and issued a $150.00 price objective on shares of Addus HomeCare in a research note on Tuesday, April 22nd. Macquarie increased their price objective on Addus HomeCare from $129.00 to $133.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Stephens reissued an "overweight" rating and issued a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. Finally, Wall Street Zen downgraded Addus HomeCare from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Addus HomeCare has a consensus rating of "Buy" and a consensus price target of $142.57.

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.