First National Bank of Omaha Takes $585,000 Position in Addus HomeCare Corporation $ADUS

First National Bank of Omaha bought a new stake in Addus HomeCare Corporation (NASDAQ:ADUS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,825 shares of the company’s stock, valued at approximately $585,000.

Several other hedge funds have also recently modified their holdings of ADUS. Global Retirement Partners LLC grew its holdings in Addus HomeCare by 395.7% during the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after acquiring an additional 186 shares during the period. Larson Financial Group LLC increased its holdings in Addus HomeCare by 133.3% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after acquiring an additional 136 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new position in shares of Addus HomeCare during the 4th quarter worth approximately $29,000. Private Trust Co. NA raised its holdings in shares of Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after acquiring an additional 112 shares during the last quarter. Finally, Arax Advisory Partners raised its stake in Addus HomeCare by 95.8% in the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $93.77, for a total value of $27,005.76. Following the sale, the insider owned 44,371 shares in the company, valued at approximately $4,160,668.67. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.10% of the company’s stock.

Addus HomeCare Trading Up 1.6%

Shares of NASDAQ ADUS opened at $120.02 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.59 and a beta of 0.87. Addus HomeCare Corporation has a 12-month low of $87.95 and a 12-month high of $124.43. The stock’s 50 day simple moving average is $108.37 and its 200 day simple moving average is $102.25.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. The business had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. Addus HomeCare had a net margin of 7.13% and a return on equity of 9.96%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Equities research analysts expect that Addus HomeCare Corporation will post 6.29 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citizens Jmp reiterated a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a report on Monday, May 18th. Weiss Ratings upgraded shares of Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Barclays increased their target price on Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada lifted their price target on shares of Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Citigroup restated a “market outperform” rating on shares of Addus HomeCare in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.88.

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.