Addus HomeCare Corporation $ADUS Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC grew its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 80.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,352 shares of the company’s stock after purchasing an additional 6,867 shares during the quarter. Legato Capital Management LLC’s holdings in Addus HomeCare were worth $1,649,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC grew its position in shares of Addus HomeCare by 395.7% in the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after purchasing an additional 186 shares during the period. Larson Financial Group LLC grew its position in shares of 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 purchasing an additional 136 shares during the period. Private Trust Co. NA grew its position in shares of 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 purchasing an additional 112 shares during the period. AlphaQuest LLC purchased a new position in shares of Addus HomeCare in the third quarter worth about $37,000. Finally, Wexford Capital LP purchased a new position in shares of Addus HomeCare in the third quarter worth about $41,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Barclays decreased their price target on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. Weiss Ratings downgraded shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Citizens Jmp reissued a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a research note on Monday, May 18th. Finally, KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Addus HomeCare presently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Darby Anderson sold 733 shares of Addus HomeCare stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total transaction of $78,416.34. Following the transaction, the executive vice president directly owned 46,642 shares of the company’s stock, valued at $4,989,761.16. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Poff sold 2,041 shares of Addus HomeCare stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total transaction of $218,346.18. Following the transaction, the executive vice president directly owned 64,512 shares in the company, valued at $6,901,493.76. This trade represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,288 shares of company stock valued at $1,832,133 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Addus HomeCare Price Performance

Shares of ADUS stock opened at $92.65 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.83. The firm’s 50-day moving average is $95.72 and its two-hundred day moving average is $105.47. Addus HomeCare Corporation has a 12 month low of $89.76 and a 12 month high of $124.43. The company has a market capitalization of $1.73 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92.

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