Squarepoint Ops LLC Makes New $389,000 Investment in Addus HomeCare Co. (NASDAQ:ADUS)

Squarepoint Ops LLC bought a new position in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,104 shares of the company's stock, valued at approximately $389,000.

A number of other large investors have also recently bought and sold shares of the business. Capital Research Global Investors acquired a new position in shares of Addus HomeCare during the fourth quarter valued at approximately $51,149,000. American Century Companies Inc. lifted its position in shares of Addus HomeCare by 695.8% in the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company's stock worth $35,643,000 after purchasing an additional 248,613 shares in the last quarter. Bank of America Corp DE grew its position in Addus HomeCare by 273.6% during the fourth quarter. Bank of America Corp DE now owns 175,070 shares of the company's stock valued at $21,945,000 after purchasing an additional 128,211 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Addus HomeCare by 28.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company's stock worth $44,593,000 after acquiring an additional 78,835 shares during the last quarter. Finally, Pier Capital LLC acquired a new position in Addus HomeCare in the 4th quarter worth about $8,406,000. Institutional investors own 95.35% of the company's stock.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS traded up $0.97 on Friday, hitting $113.13. 99,535 shares of the company were exchanged, compared to its average volume of 169,165. The company's 50 day moving average price is $105.90 and its two-hundred day moving average price is $112.51. Addus HomeCare Co. has a one year low of $88.96 and a one year high of $136.72. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.41 and a beta of 0.81.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $337.71 million for the quarter, compared to the consensus estimate of $341.66 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. Research analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADUS. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 target price on shares of Addus HomeCare in a research report on Tuesday, April 22nd. Macquarie boosted their target price on shares of Addus HomeCare from $129.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Stephens reissued an "overweight" rating and set a $142.00 target price on shares of Addus HomeCare in a research report on Wednesday, March 12th. Finally, Wall Street Zen lowered shares of Addus HomeCare from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $142.57.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 2,045 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total transaction of $235,175.00. Following the sale, the executive vice president now directly owns 7,796 shares of the company's stock, valued at approximately $896,540. This represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.