Addus HomeCare Co. (NASDAQ:ADUS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,112 shares of the company's stock after selling 166,338 shares during the quarter. Wellington Management Group LLP owned 2.06% of Addus HomeCare worth $47,020,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Armis Advisers LLC purchased a new stake in shares of Addus HomeCare during the 4th quarter worth about $295,000. Integrated Advisors Network LLC raised its position in shares of Addus HomeCare by 8.5% during the 4th quarter. Integrated Advisors Network LLC now owns 4,261 shares of the company's stock worth $534,000 after purchasing an additional 333 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Addus HomeCare during the 4th quarter worth about $4,985,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Addus HomeCare by 43.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,727 shares of the company's stock worth $6,108,000 after purchasing an additional 14,812 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Addus HomeCare during the 4th quarter worth about $389,000. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Price Performance

Shares of NASDAQ:ADUS traded down $0.48 during mid-day trading on Tuesday, reaching $110.72. 60,932 shares of the company were exchanged, compared to its average volume of 168,647. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.41 and a beta of 0.85. The firm's 50-day simple moving average is $104.75 and its 200 day simple moving average is $112.61. Addus HomeCare Co. has a 1 year low of $88.96 and a 1 year high of $136.72.

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 for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The firm had revenue of $337.71 million during the quarter, compared to analysts' expectations of $341.66 million. During the same quarter last year, the company posted $1.21 EPS. The firm's quarterly revenue was up 20.3% on a year-over-year basis. On average, research analysts forecast that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADUS shares. Macquarie upped their price target 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. JMP Securities restated a "market outperform" rating and set a $150.00 price target on shares of Addus HomeCare in a research report on Tuesday, April 22nd. Stephens reiterated an "overweight" rating and issued a $142.00 price objective on shares of Addus HomeCare in a report on Wednesday, March 12th. Finally, Wall Street Zen downgraded shares of Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $142.57.

Insider Activity

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of Addus HomeCare stock in a transaction on 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 in the company, valued at $896,540. This trade represents a 20.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.60% of the company's stock.

Addus HomeCare Profile

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.