Trust Point Inc. Lowers Stock Holdings in Addus HomeCare Corporation (NASDAQ:ADUS)

Trust Point Inc. decreased its position in Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 55.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,089 shares of the company's stock after selling 2,626 shares during the period. Trust Point Inc.'s holdings in Addus HomeCare were worth $207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natixis grew its holdings in Addus HomeCare by 111.9% during the fourth quarter. Natixis now owns 250 shares of the company's stock worth $31,000 after acquiring an additional 132 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Addus HomeCare by 324.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $35,000 after acquiring an additional 214 shares during the period. Parkside Financial Bank & Trust boosted its position 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 purchasing an additional 148 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Addus HomeCare during the 4th quarter worth $77,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Addus HomeCare in the 4th quarter valued at about $86,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADUS shares. Macquarie restated an "outperform" rating and set a $133.00 target price on shares of Addus HomeCare in a research report on Tuesday, June 10th. Wall Street Zen cut Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Addus HomeCare in a report on Tuesday, April 22nd. Finally, Stephens reissued an "overweight" rating and issued a $142.00 target price on shares of Addus HomeCare in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Addus HomeCare has an average rating of "Buy" and a consensus price target of $142.57.

Addus HomeCare Price Performance

Shares of ADUS traded up $1.13 during mid-day trading on Thursday, reaching $115.16. 115,269 shares of the company's stock were exchanged, compared to its average volume of 170,199. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $108.39 and a two-hundred day simple moving average of $112.09. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $136.72. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.61 and a beta of 0.81.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.09. Addus HomeCare had a return on equity of 9.23% and a net margin of 6.52%. The firm had revenue of $337.71 million for the quarter, compared to analysts' expectations of $341.66 million. During the same quarter in the prior year, the firm earned $1.21 EPS. Addus HomeCare's quarterly revenue was up 20.3% on a year-over-year basis. On average, sell-side analysts predict that Addus HomeCare Corporation will post 4.59 EPS for the current fiscal year.

Insider Activity at Addus HomeCare

In other news, EVP Michael D. Wattenbarger sold 2,045 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 7,796 shares of the company's stock, valued at $896,540. The trade was a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.60% of the company's stock.

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.