King Luther Capital Management Corp Sells 12,747 Shares of Addus HomeCare Corporation $ADUS

King Luther Capital Management Corp reduced its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,416 shares of the company’s stock after selling 12,747 shares during the quarter. King Luther Capital Management Corp owned approximately 0.19% of Addus HomeCare worth $3,696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hohimer Wealth Management LLC grew its stake in Addus HomeCare by 3.4% during the third quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after purchasing an additional 88 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Addus HomeCare by 2.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock worth $446,000 after purchasing an additional 103 shares during the period. ProShare Advisors LLC grew its stake in Addus HomeCare by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 3,527 shares of the company’s stock worth $379,000 after purchasing an additional 105 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Addus HomeCare by 0.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock worth $2,150,000 after purchasing an additional 106 shares during the period. Finally, Private Trust Co. NA grew its stake in Addus HomeCare by 65.5% during the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Price Performance

ADUS stock opened at $93.53 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83. Addus HomeCare Corporation has a 52-week low of $89.76 and a 52-week high of $124.43. The business has a 50-day simple moving average of $95.11 and a two-hundred day simple moving average of $104.77.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly 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 business had revenue of $363.50 million during the quarter, compared to the consensus estimate of $366.41 million. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 EPS. Research analysts expect that Addus HomeCare Corporation will post 6.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADUS has been the subject of several recent analyst reports. Weiss Ratings cut Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Barclays dropped their price target on Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. Finally, Stephens dropped their price target on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.22.

About Addus HomeCare

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.