Massar Capital Management LP Purchases New Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Massar Capital Management LP bought a new stake 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. The firm bought 3,040 shares of the company's stock, valued at approximately $381,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Addus HomeCare by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 692,713 shares of the company's stock valued at $86,833,000 after buying an additional 10,434 shares during the last quarter. Principal Financial Group Inc. lifted its position in Addus HomeCare by 17.5% in the third quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock worth $67,293,000 after purchasing an additional 75,409 shares during the period. Geode Capital Management LLC lifted its position in Addus HomeCare by 7.1% in the third quarter. Geode Capital Management LLC now owns 423,934 shares of the company's stock worth $56,406,000 after purchasing an additional 28,284 shares during the period. Capital Research Global Investors acquired a new stake in shares of Addus HomeCare during the fourth quarter worth $51,149,000. Finally, TimesSquare Capital Management LLC raised its holdings in Addus HomeCare by 28.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company's stock worth $44,593,000 after buying an additional 78,835 shares during the period. Institutional investors and hedge funds own 95.35% of the company's stock.

Addus HomeCare Price Performance

NASDAQ ADUS traded up $1.04 during trading on Friday, reaching $100.58. 97,408 shares of the company's stock were exchanged, compared to its average volume of 162,804. The business has a 50 day moving average price of $97.93 and a 200-day moving average price of $115.98. The stock has a market capitalization of $1.83 billion, a P/E ratio of 23.02, a PEG ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a fifty-two week low of $88.96 and a fifty-two week high of $136.72.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 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 $297.14 million for the quarter, compared to analyst estimates of $291.04 million. On average, analysts forecast that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ADUS shares. Stephens reissued an "overweight" rating and issued a $142.00 price target on shares of Addus HomeCare in a research report on Wednesday, March 12th. JMP Securities reiterated a "market outperform" rating and set a $150.00 price target on shares of Addus HomeCare in a report on Tuesday, April 22nd. Macquarie reiterated an "outperform" rating and set a $129.00 price target on shares of Addus HomeCare in a report on Thursday, February 27th. StockNews.com downgraded shares of Addus HomeCare from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Oppenheimer raised their target price on Addus HomeCare from $145.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Addus HomeCare has a consensus rating of "Buy" and an average price target of $139.00.

Addus HomeCare Company 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.