Bridge City Capital LLC Has $4.57 Million Position in Addus HomeCare Co. (NASDAQ:ADUS)

Bridge City Capital LLC raised its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,451 shares of the company’s stock after buying an additional 302 shares during the quarter. Addus HomeCare accounts for approximately 1.2% of Bridge City Capital LLC’s holdings, making the stock its 29th biggest holding. Bridge City Capital LLC owned approximately 0.20% of Addus HomeCare worth $4,569,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in Addus HomeCare in the third quarter worth about $28,000. Smartleaf Asset Management LLC grew its stake in shares of Addus HomeCare by 324.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $35,000 after purchasing an additional 214 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Addus HomeCare by 38.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock worth $67,000 after buying an additional 148 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Addus HomeCare during the 4th quarter worth approximately $86,000. Finally, KBC Group NV boosted its stake in Addus HomeCare by 49.1% in the 4th quarter. KBC Group NV now owns 814 shares of the company’s stock valued at $102,000 after buying an additional 268 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ADUS shares. Stephens reiterated an “overweight” rating and set a $142.00 price objective on shares of Addus HomeCare in a research note on Wednesday, March 12th. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. JMP Securities started coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price target on the stock. Macquarie reaffirmed an “outperform” rating and set a $129.00 price objective on shares of Addus HomeCare in a report on Thursday, February 27th. Finally, Oppenheimer boosted their target price on Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Addus HomeCare currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.78.

Insider Activity

In related news, CEO R Dirk Allison sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now directly owns 79,397 shares in the company, valued at $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $89.83 on Friday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.41 and a beta of 0.97. The stock’s fifty day moving average price is $111.83 and its two-hundred day moving average price is $121.81. Addus HomeCare Co. has a 52-week low of $87.88 and a 52-week high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, February 24th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.09). The firm had revenue of $297.14 million for 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, equities analysts predict that Addus HomeCare Co. will post 4.59 EPS for the current fiscal 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.