Addus HomeCare Co. (NASDAQ:ADUS) Shares Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 51.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,402 shares of the company’s stock after acquiring an additional 1,496 shares during the quarter. IHT Wealth Management LLC’s holdings in Addus HomeCare were worth $552,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADUS. Natixis grew its position in Addus HomeCare by 111.9% during the 4th quarter. Natixis now owns 250 shares of the company’s stock worth $31,000 after purchasing an additional 132 shares during the period. Smartleaf Asset Management LLC grew its holdings in Addus HomeCare by 324.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $35,000 after acquiring an additional 214 shares during the period. Parkside Financial Bank & Trust raised its position in Addus HomeCare by 38.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock valued at $67,000 after acquiring an additional 148 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Addus HomeCare during the fourth quarter valued at approximately $77,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Addus HomeCare in the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Macquarie reaffirmed an “outperform” rating and set a $129.00 target price on shares of Addus HomeCare in a report on Thursday, February 27th. Oppenheimer upped their price objective on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Stephens restated an “overweight” rating and set a $142.00 target price on shares of Addus HomeCare in a research report on Wednesday, March 12th. StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, JMP Securities restated a “market outperform” rating and issued a $150.00 price objective on shares of Addus HomeCare in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $139.00.

Addus HomeCare Stock Performance

Shares of ADUS opened at $100.58 on Friday. The stock has a 50 day moving average price of $97.93 and a 200 day moving average price of $116.15. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.41 and a beta of 0.93. Addus HomeCare Co. has a one year low of $88.96 and a one year high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, February 24th. The company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). The business had revenue of $297.14 million during the quarter, compared to analyst estimates of $291.04 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. On average, analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

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.