Natixis Advisors LLC Sells 2,853 Shares of Addus HomeCare Corporation (NASDAQ:ADUS)

Key Points

• Natixis Advisors LLC has reduced its stake in Addus HomeCare by 7.1%, selling 2,853 shares and now holding a total of 37,103 shares valued at $3,669,000.
• Addus HomeCare reported an earnings per share (EPS) of $1.49 for the last quarter, beating the consensus estimate of $1.45, with revenue increasing 21.8% year-over-year.
• The stock currently has a consensus rating of "Buy" from analysts, with target prices ranging from $133.00 to $150.00, indicating positive sentiment about its future performance.

Natixis Advisors LLC lessened its stake in Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,103 shares of the company's stock after selling 2,853 shares during the quarter. Natixis Advisors LLC owned approximately 0.20% of Addus HomeCare worth $3,669,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its stake in Addus HomeCare by 75.6% during the fourth quarter. LPL Financial LLC now owns 7,884 shares of the company's stock worth $988,000 after acquiring an additional 3,393 shares during the period. Alliancebernstein L.P. increased its stake in shares of Addus HomeCare by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 19,661 shares of the company's stock valued at $2,465,000 after purchasing an additional 91 shares during the period. Wells Fargo & Company MN increased its stake in shares of Addus HomeCare by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 31,918 shares of the company's stock valued at $4,001,000 after purchasing an additional 5,809 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Addus HomeCare by 68.9% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,750 shares of the company's stock valued at $470,000 after purchasing an additional 1,530 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Addus HomeCare by 9.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 42,698 shares of the company's stock valued at $5,352,000 after purchasing an additional 3,659 shares during the period. Institutional investors and hedge funds own 95.35% of the company's stock.

Addus HomeCare Stock Performance

NASDAQ:ADUS traded up $1.09 during midday trading on Friday, reaching $110.19. The stock had a trading volume of 143,903 shares, compared to its average volume of 180,157. Addus HomeCare Corporation has a 1-year low of $88.96 and a 1-year high of $136.72. The firm's fifty day simple moving average is $111.73 and its 200-day simple moving average is $108.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $2.03 billion, a P/E ratio of 24.32, a PEG ratio of 1.64 and a beta of 0.80.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $349.44 million for the quarter, compared to analyst estimates of $345.71 million. Addus HomeCare had a net margin of 6.51% and a return on equity of 9.39%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. On average, equities research analysts forecast that Addus HomeCare Corporation will post 4.59 EPS for the current fiscal year.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 2,045 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total value of $235,175.00. Following the sale, the executive vice president directly owned 7,796 shares in the company, valued at $896,540. This trade represents a 20.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on ADUS shares. Wall Street Zen upgraded shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Macquarie reiterated an "outperform" rating and issued a $133.00 price objective on shares of Addus HomeCare in a report on Tuesday, June 10th. TD Cowen raised their target price on shares of Addus HomeCare from $135.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price objective on shares of Addus HomeCare in a research note on Wednesday, July 16th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $142.86.

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.