Polar Asset Management Partners Inc. Lowers Position in Addus HomeCare Corporation $ADUS

Polar Asset Management Partners Inc. trimmed its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 26.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company’s stock after selling 9,050 shares during the quarter. Polar Asset Management Partners Inc. owned 0.14% of Addus HomeCare worth $2,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tributary Capital Management LLC raised its holdings in shares of Addus HomeCare by 114.1% in the third quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after purchasing an additional 212,192 shares during the last quarter. Capital Research Global Investors boosted its holdings in Addus HomeCare by 9.0% during the third quarter. Capital Research Global Investors now owns 1,201,560 shares of the company’s stock worth $141,772,000 after purchasing an additional 99,262 shares during the last quarter. 8 Knots Management LLC bought a new stake in Addus HomeCare in the 3rd quarter worth about $6,075,000. Kennedy Capital Management LLC grew its position in Addus HomeCare by 34.3% in the 2nd quarter. Kennedy Capital Management LLC now owns 178,801 shares of the company’s stock worth $20,596,000 after purchasing an additional 45,670 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in Addus HomeCare by 25,272.2% in the 3rd quarter. Peregrine Capital Management LLC now owns 45,670 shares of the company’s stock valued at $5,389,000 after buying an additional 45,490 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Roberton James Stevenson sold 284 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total value of $29,922.24. Following the sale, the executive vice president owned 14,030 shares of the company’s stock, valued at $1,478,200.80. The trade was a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sean Gaffney sold 442 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $105.36, for a total transaction of $46,569.12. Following the completion of the transaction, the executive vice president directly owned 20,080 shares of the company’s stock, valued at approximately $2,115,628.80. This trade represents a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,610 shares of company stock worth $1,768,970 in the last ninety days. 4.50% of the stock is owned by corporate insiders.

Addus HomeCare Stock Performance

Shares of ADUS opened at $100.02 on Friday. Addus HomeCare Corporation has a 1 year low of $88.96 and a 1 year high of $124.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.80 and a quick ratio of 1.80. The stock’s fifty day moving average price is $107.11 and its two-hundred day moving average price is $111.72. The firm has a market cap of $1.86 billion, a PE ratio of 19.20, a PEG ratio of 1.41 and a beta of 0.92.

Wall Street Analysts Forecast Growth

ADUS has been the topic of several recent analyst reports. Wall Street Zen raised shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 23rd. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Barclays dropped their price target on Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating on the stock in a report on Tuesday, February 24th. Stephens cut their price objective on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Addus HomeCare Company 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.