Watershed Asset Management L.L.C. Takes $275,000 Position in Addus HomeCare Co. (NASDAQ:ADUS)

Watershed Asset Management L.L.C. bought a new position in Addus HomeCare Co. (NASDAQ:ADUS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,957 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors also recently bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in shares of Addus HomeCare in the third quarter worth about $31,000. GAMMA Investing LLC purchased a new stake in shares of Addus HomeCare in the fourth quarter valued at approximately $34,000. Assetmark Inc. raised its stake in Addus HomeCare by 17.1% in the third quarter. Assetmark Inc. now owns 1,331 shares of the company’s stock worth $113,000 after buying an additional 194 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Addus HomeCare in the third quarter worth approximately $189,000. Finally, Cetera Trust Company N.A bought a new position in Addus HomeCare in the fourth quarter worth approximately $219,000. 95.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADUS. Barclays lowered shares of Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price objective on the stock. in a report on Tuesday. Oppenheimer restated an “outperform” rating and set a $118.00 price target on shares of Addus HomeCare in a research report on Tuesday, March 26th. Royal Bank of Canada restated an “outperform” rating and set a $102.00 price target on shares of Addus HomeCare in a research report on Thursday, February 29th. Finally, William Blair restated an “outperform” rating on shares of Addus HomeCare in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Addus HomeCare Stock Up 1.4 %

NASDAQ ADUS traded up $1.27 during trading hours on Tuesday, hitting $94.76. 412,526 shares of the company were exchanged, compared to its average volume of 118,217. The company has a 50 day moving average of $97.58 and a two-hundred day moving average of $91.48. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Addus HomeCare Co. has a 52-week low of $77.30 and a 52-week high of $114.97. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.92 and a beta of 0.95.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results on Monday, February 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $276.35 million during the quarter, compared to analysts’ expectations of $274.02 million. Addus HomeCare had a return on equity of 9.70% and a net margin of 5.91%. Equities research analysts anticipate that Addus HomeCare Co. will post 4.38 earnings per share 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.