Wellington Management Group LLP Reduces Stock Position in Addus HomeCare Co. (NASDAQ:ADUS)

Wellington Management Group LLP reduced its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,112 shares of the company’s stock after selling 166,338 shares during the quarter. Wellington Management Group LLP owned 2.07% of Addus HomeCare worth $47,020,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Summit Place Financial Advisors LLC boosted its stake in Addus HomeCare by 0.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company’s stock valued at $1,180,000 after acquiring an additional 80 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Addus HomeCare by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company’s stock worth $1,340,000 after purchasing an additional 91 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Addus HomeCare by 38.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock valued at $67,000 after buying an additional 148 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Addus HomeCare by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,923 shares of the company’s stock valued at $742,000 after buying an additional 150 shares in the last quarter. Finally, Heritage Family Offices LLP lifted its holdings in Addus HomeCare by 7.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,274 shares of the company’s stock worth $285,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADUS shares. JMP Securities initiated coverage on Addus HomeCare in a research report on Monday, December 16th. They set an “outperform” rating and a $150.00 price target on the stock. Macquarie reissued an “outperform” rating and issued a $129.00 target price on shares of Addus HomeCare in a report on Thursday, February 27th. StockNews.com downgraded Addus HomeCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Finally, Oppenheimer upped their price objective on Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Addus HomeCare presently has an average rating of “Moderate Buy” and an average price target of $132.78.

Addus HomeCare Stock Down 1.0 %

ADUS stock opened at $100.31 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of 22.95, a PEG ratio of 1.41 and a beta of 0.93. The company has a 50-day simple moving average of $105.09 and a 200 day simple moving average of $119.60. Addus HomeCare Co. has a fifty-two week low of $87.88 and a fifty-two 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 for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The company had revenue of $297.14 million during the quarter, compared to analyst estimates of $291.04 million. Equities analysts anticipate that Addus HomeCare Co. will post 4.59 EPS for the current 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.