Brown Advisory Inc. acquired a new stake in Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,000 shares of the company’s stock, valued at approximately $381,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Addus HomeCare by 321.5% in the 3rd quarter. UMB Bank n.a. now owns 333 shares of the company’s stock valued at $32,000 after buying an additional 254 shares in the last quarter. First Horizon Advisors Inc. increased its position in Addus HomeCare by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 369 shares of the company’s stock valued at $35,000 after buying an additional 193 shares in the last quarter. Assetmark Inc. increased its position in Addus HomeCare by 110.1% in the 2nd quarter. Assetmark Inc. now owns 374 shares of the company’s stock valued at $31,000 after buying an additional 196 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Addus HomeCare in the 2nd quarter valued at about $41,000. Finally, UBS Group AG increased its position in Addus HomeCare by 49.9% in the 3rd quarter. UBS Group AG now owns 856 shares of the company’s stock valued at $82,000 after buying an additional 285 shares in the last quarter. 97.42% of the stock is owned by institutional investors.
Insider Activity
In other news, EVP David W. Tucker sold 784 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $108.57, for a total value of $85,118.88. Following the completion of the transaction, the executive vice president now directly owns 7,168 shares of the company’s stock, valued at $778,229.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP David W. Tucker sold 268 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $107.09, for a total value of $28,700.12. Following the completion of the transaction, the executive vice president now directly owns 7,952 shares of the company’s stock, valued at $851,579.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David W. Tucker sold 784 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $108.57, for a total value of $85,118.88. Following the completion of the transaction, the executive vice president now owns 7,168 shares in the company, valued at approximately $778,229.76. The disclosure for this sale can be found here. Insiders sold a total of 1,429 shares of company stock valued at $152,854 over the last three months. Corporate insiders own 4.50% of the company’s stock.
Addus HomeCare Stock Performance
Wall Street Analysts Forecast Growth
ADUS has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on Addus HomeCare from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, November 2nd. StockNews.com raised Addus HomeCare from a “buy” rating to a “strong-buy” rating in a report on Monday, February 20th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $112.60.
About Addus HomeCare
Addus HomeCare Corp. engages in the provision of in-home personal care services. It operates through the following segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled.
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