Lazard Asset Management LLC Has $3.33 Million Stock Position in Addus HomeCare Co. (NASDAQ:ADUS)

Lazard Asset Management LLC trimmed its position in Addus HomeCare Co. (NASDAQ:ADUS) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,529 shares of the company’s stock after selling 3,752 shares during the quarter. Lazard Asset Management LLC owned approximately 0.15% of Addus HomeCare worth $3,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADUS. Capital Research Global Investors acquired a new stake in shares of Addus HomeCare during the fourth quarter worth approximately $51,149,000. American Century Companies Inc. boosted its holdings in shares of Addus HomeCare by 695.8% during the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock worth $35,643,000 after purchasing an additional 248,613 shares during the period. Bank of America Corp DE boosted its holdings in shares of Addus HomeCare by 273.6% during the fourth quarter. Bank of America Corp DE now owns 175,070 shares of the company’s stock worth $21,945,000 after purchasing an additional 128,211 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of Addus HomeCare by 28.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company’s stock worth $44,593,000 after purchasing an additional 78,835 shares during the period. Finally, Pier Capital LLC acquired a new stake in shares of Addus HomeCare during the fourth quarter worth approximately $8,406,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stephens restated an “overweight” rating and set a $142.00 price target on shares of Addus HomeCare in a report on Wednesday, March 12th. StockNews.com cut shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and set a $150.00 price target on shares of Addus HomeCare in a report on Tuesday, April 22nd. Oppenheimer raised their price objective on shares of Addus HomeCare from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Macquarie raised their price objective on shares of Addus HomeCare from $129.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Addus HomeCare currently has an average rating of “Buy” and an average price target of $142.57.

Addus HomeCare Stock Up 1.6%

NASDAQ:ADUS opened at $111.63 on Friday. Addus HomeCare Co. has a 12 month low of $88.96 and a 12 month high of $136.72. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.41 and a beta of 0.85. The company’s 50 day moving average is $100.30 and its 200-day moving average is $113.82.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business had revenue of $337.71 million for the quarter, compared to analyst estimates of $341.66 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Addus HomeCare’s revenue was up 20.3% compared to the same quarter last year. Research 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.