Public Employees Retirement System of Ohio Increases Stock Position in Addus HomeCare Corporation $ADUS

Public Employees Retirement System of Ohio lifted its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 8.4% during the first quarter, Holdings Channel reports. The firm owned 57,053 shares of the company’s stock after acquiring an additional 4,411 shares during the period. Public Employees Retirement System of Ohio’s holdings in Addus HomeCare were worth $5,343,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in Addus HomeCare by 395.7% in the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after buying an additional 186 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Addus HomeCare by 133.3% in the third 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 purchased a new stake in shares of Addus HomeCare during the fourth quarter valued at approximately $29,000. Private Trust Co. NA increased its position in shares of Addus HomeCare by 65.5% during the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the last quarter. Finally, Arax Advisory Partners lifted its holdings in Addus HomeCare by 95.8% during the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 137 shares during the period. 95.35% of the stock is owned by institutional investors.

Addus HomeCare Stock Down 0.1%

ADUS stock opened at $119.13 on Thursday. The stock has a fifty day moving average of $100.75 and a 200-day moving average of $101.32. Addus HomeCare Corporation has a fifty-two week low of $87.95 and a fifty-two week high of $124.43. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The business had revenue of $363.50 million for the quarter, compared to analysts’ expectations of $366.41 million. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. As a group, equities research analysts predict that Addus HomeCare Corporation will post 6.24 earnings per share for the current year.

Insider Activity

In related news, insider Heather Brianne Dixon sold 288 shares of the company’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 transaction of $27,005.76. Following the sale, the insider directly owned 44,371 shares in the company, valued at approximately $4,160,668.67. This represents a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 788 shares of company stock valued at $73,506 over the last 90 days. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ADUS shares. Weiss Ratings raised Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of Addus HomeCare in a research note on Friday, July 24th. Barclays boosted their price target on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. Finally, Citizens Jmp restated a “market outperform” rating and set a $142.00 price target on shares of Addus HomeCare in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.50.

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.