BlackRock Inc. Acquires New Position in Addus HomeCare Corporation $ADUS

BlackRock Inc. bought a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) during the second quarter, HoldingsChannel.com reports. The firm bought 3,425,435 shares of the company’s stock, valued at approximately $344,153,000. BlackRock Inc. owned about 0.18% of Addus HomeCare as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leeward Investments LLC MA boosted its holdings in shares of Addus HomeCare by 9.4% during the first quarter. Leeward Investments LLC MA now owns 120,857 shares of the company’s stock worth $11,318,000 after purchasing an additional 10,414 shares during the last quarter. Bank of America Corp DE grew its position in shares of Addus HomeCare by 11.3% in the first quarter. Bank of America Corp DE now owns 323,037 shares of the company’s stock valued at $30,252,000 after purchasing an additional 32,714 shares during the period. Vanguard Group Inc. increased its stake in Addus HomeCare by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,308,605 shares of the company’s stock valued at $140,531,000 after purchasing an additional 10,501 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in Addus HomeCare in the second quarter valued at $31,502,000. Finally, SG Americas Securities LLC lifted its position in Addus HomeCare by 176.0% during the first quarter. SG Americas Securities LLC now owns 27,303 shares of the company’s stock worth $2,557,000 after buying an additional 17,411 shares during the period. 95.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $121.09 on Wednesday. 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 $2.26 billion, a PE ratio of 21.24, a P/E/G ratio of 1.62 and a beta of 0.87. The company’s fifty day simple moving average is $110.51 and its 200-day simple moving average is $102.69. Addus HomeCare Corporation has a 52 week low of $87.95 and a 52 week high of $124.43.

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

Insider Activity at Addus HomeCare

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total transaction of $27,005.76. Following the transaction, the insider owned 44,371 shares in the company, valued at $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by corporate insiders.

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.