Point72 Asset Management L.P. Increases Stake in Addus HomeCare Co. (NASDAQ:ADUS)

Point72 Asset Management L.P. raised its holdings in Addus HomeCare Co. (NASDAQ:ADUS) by 73.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 745,824 shares of the company’s stock after purchasing an additional 315,602 shares during the period. Point72 Asset Management L.P. owned about 4.12% of Addus HomeCare worth $86,598,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADUS. UMB Bank n.a. boosted its stake in Addus HomeCare by 64.2% during the second quarter. UMB Bank n.a. now owns 225 shares of the company’s stock worth $26,000 after buying an additional 88 shares during the last quarter. Quest Partners LLC purchased a new stake in Addus HomeCare in the second quarter valued at $31,000. EntryPoint Capital LLC purchased a new stake in Addus HomeCare in the first quarter valued at $44,000. Innealta Capital LLC purchased a new stake in Addus HomeCare in the second quarter valued at $44,000. Finally, GAMMA Investing LLC raised its position in Addus HomeCare by 40.8% in the first quarter. GAMMA Investing LLC now owns 556 shares of the company’s stock valued at $57,000 after purchasing an additional 161 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Price Performance

ADUS opened at $130.95 on Monday. Addus HomeCare Co. has a 12 month low of $78.35 and a 12 month high of $136.12. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.40 and a beta of 1.04. The business has a fifty day moving average price of $128.25 and a 200 day moving average price of $115.42.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, August 5th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.14. The business 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. On average, research analysts anticipate that Addus HomeCare Co. will post 4.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADUS shares. TD Cowen lifted their target price on Addus HomeCare from $128.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. StockNews.com downgraded Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 7th. Oppenheimer boosted their price objective on Addus HomeCare from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Macquarie initiated coverage on Addus HomeCare in a report on Friday, June 28th. They issued an “outperform” rating and a $136.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $141.00 price objective on shares of Addus HomeCare in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.29.

Insider Transactions at Addus HomeCare

In other news, EVP Michael D. Wattenbarger sold 21,917 shares of the company’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 completion of the transaction, the executive vice president now directly owns 7,215 shares of the company’s stock, valued at approximately $961,687.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Esteban Lopez sold 500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $127.50, for a total value of $63,750.00. Following the completion of the sale, the director now directly owns 3,366 shares of the company’s stock, valued at approximately $429,165. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael D. Wattenbarger sold 21,917 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $133.29, for a total value of $2,921,316.93. Following the sale, the executive vice president now directly owns 7,215 shares of the company’s stock, valued at $961,687.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,917 shares of company stock valued at $3,050,082. 4.60% of the stock is currently owned by corporate 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.