Kennedy Capital Management LLC Grows Stock Holdings in Addus HomeCare Corporation $ADUS

Kennedy Capital Management LLC grew its holdings in Addus HomeCare Corporation (NASDAQ:ADUS) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,341 shares of the company’s stock after purchasing an additional 21,716 shares during the quarter. Kennedy Capital Management LLC owned about 1.18% of Addus HomeCare worth $23,448,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in Addus HomeCare by 395.7% in the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Addus HomeCare by 133.3% in the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new position in Addus HomeCare in the fourth quarter valued at approximately $29,000. Arax Advisory Partners lifted its holdings in Addus HomeCare by 95.8% in the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock valued at $30,000 after acquiring an additional 137 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADUS. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Wednesday, February 25th. Wall Street Zen cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Stephens decreased their price objective on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings cut Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Finally, Barclays decreased their price objective on Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Addus HomeCare Stock Up 0.3%

Shares of NASDAQ ADUS opened at $93.28 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.28 and a beta of 0.89. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. Addus HomeCare Corporation has a 52-week low of $87.95 and a 52-week high of $124.43. The business’s 50 day moving average is $93.73 and its two-hundred day moving average is $103.31.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $363.50 million for the quarter, compared to analyst estimates of $366.41 million. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 earnings per share. Research analysts predict that Addus HomeCare Corporation will post 6.24 EPS for the current year.

Addus HomeCare Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.