Public Sector Pension Investment Board Has $4.51 Million Stock Position in Addus HomeCare Co. (NASDAQ:ADUS)

Public Sector Pension Investment Board increased its holdings in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 18.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 38,859 shares of the company’s stock after purchasing an additional 6,049 shares during the period. Public Sector Pension Investment Board owned 0.21% of Addus HomeCare worth $4,512,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of Addus HomeCare by 64.2% during the 2nd quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after acquiring an additional 88 shares during the last quarter. Quest Partners LLC bought a new position in Addus HomeCare during the second quarter worth $31,000. EntryPoint Capital LLC acquired a new position in shares of Addus HomeCare in the first quarter valued at $44,000. Innealta Capital LLC bought a new position in shares of Addus HomeCare in the second quarter valued at about $44,000. Finally, GAMMA Investing LLC lifted its stake in shares of Addus HomeCare by 40.8% during the 1st quarter. GAMMA Investing LLC now owns 556 shares of the company’s stock worth $57,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADUS. Macquarie assumed coverage on shares of Addus HomeCare in a report on Friday, June 28th. They issued an “outperform” rating and a $136.00 price target on the stock. Oppenheimer lifted their price target on Addus HomeCare from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $141.00 price target on shares of Addus HomeCare in a research note on Tuesday, September 3rd. StockNews.com cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 7th. Finally, Stephens reissued an “overweight” rating and issued a $138.00 target price on shares of Addus HomeCare in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.29.

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $131.83 on Friday. Addus HomeCare Co. has a fifty-two week low of $78.35 and a fifty-two week high of $136.12. The stock has a fifty day moving average price of $128.01 and a 200-day moving average price of $114.97. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.40 and a beta of 1.04.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, August 5th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.14. The firm had revenue of $286.90 million during the quarter, compared to analysts’ expectations of $284.90 million. Addus HomeCare had a return on equity of 9.81% and a net margin of 6.18%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. Research analysts predict that Addus HomeCare Co. will post 4.58 EPS for the current fiscal year.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, Director Esteban Lopez sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $130.03, for a total value of $65,015.00. Following the sale, the director now owns 3,866 shares in the company, valued at $502,695.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael D. Wattenbarger sold 21,917 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $133.29, for a total transaction of $2,921,316.93. Following the sale, the executive vice president now directly owns 7,215 shares in the company, valued at $961,687.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Esteban Lopez sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $130.03, for a total transaction of $65,015.00. Following the completion of the transaction, the director now owns 3,866 shares of the company’s stock, valued at $502,695.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,917 shares of company stock valued at $3,050,082. 4.60% of the stock is owned by insiders.

Addus HomeCare Profile

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.