Chartwell Investment Partners LLC Sells 16,219 Shares of Addus Homecare Co. (NASDAQ:ADUS)

Chartwell Investment Partners LLC decreased its holdings in Addus Homecare Co. (NASDAQ:ADUS) by 36.2% in the second quarter, Holdings Channel reports. The firm owned 28,556 shares of the company’s stock after selling 16,219 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Addus Homecare were worth $2,643,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of Addus Homecare by 0.4% in the 1st quarter. Invesco Ltd. now owns 622,173 shares of the company’s stock worth $42,059,000 after purchasing an additional 2,592 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Addus Homecare by 485.1% in the 1st quarter. Wells Fargo & Company MN now owns 245,106 shares of the company’s stock worth $16,569,000 after buying an additional 203,218 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Addus Homecare by 91.4% in the 1st quarter. Nuveen Asset Management LLC now owns 89,300 shares of the company’s stock worth $6,036,000 after buying an additional 42,641 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Addus Homecare by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,810 shares of the company’s stock worth $460,000 after buying an additional 2,221 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Addus Homecare in the 1st quarter worth $255,000. 95.86% of the stock is owned by institutional investors and hedge funds.

Addus Homecare stock opened at $96.41 on Friday. The firm has a 50 day moving average of $91.63 and a 200 day moving average of $86.93. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 49.95, a P/E/G ratio of 2.65 and a beta of 0.49. Addus Homecare Co. has a 12-month low of $43.13 and a 12-month high of $104.56.

Addus Homecare (NASDAQ:ADUS) last released its earnings results on Monday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.13. The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $181.08 million. As a group, analysts predict that Addus Homecare Co. will post 2.43 EPS for the current fiscal year.

In related news, EVP Darby Anderson sold 6,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $98.90, for a total value of $593,400.00. Following the completion of the sale, the executive vice president now directly owns 32,064 shares of the company’s stock, valued at approximately $3,171,129.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 20.10% of the company’s stock.

ADUS has been the topic of a number of research reports. Robert W. Baird raised their price target on Addus Homecare from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. They noted that the move was a valuation call. Sidoti raised their price target on Addus Homecare from $96.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Zacks Investment Research upgraded Addus Homecare from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Tuesday, July 7th. Oppenheimer restated a “buy” rating and issued a $107.00 price target on shares of Addus Homecare in a research note on Monday, May 4th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $98.00 price target on shares of Addus Homecare in a research note on Monday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.75.

Addus Homecare Profile

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Institutional Ownership by Quarter for Addus Homecare (NASDAQ:ADUS)

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