Louisiana State Employees Retirement System Takes $759,000 Position in Addus HomeCare Corporation $ADUS

Louisiana State Employees Retirement System bought a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,100 shares of the company’s stock, valued at approximately $759,000.

Several other institutional investors have also made changes to their positions in the company. Leeward Investments LLC MA boosted its position in shares of Addus HomeCare by 9.4% in the first quarter. Leeward Investments LLC MA now owns 120,857 shares of the company’s stock worth $11,318,000 after buying an additional 10,414 shares during the period. Burney Co. purchased a new stake in Addus HomeCare in the 4th quarter worth about $1,841,000. Capital Research Global Investors boosted its position in Addus HomeCare by 9.0% during the 3rd quarter. Capital Research Global Investors now owns 1,201,560 shares of the company’s stock worth $141,772,000 after acquiring an additional 99,262 shares during the period. Vanguard Group Inc. boosted its position in Addus HomeCare by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,308,605 shares of the company’s stock worth $140,531,000 after acquiring an additional 10,501 shares during the period. Finally, 8 Knots Management LLC purchased a new position in Addus HomeCare during the 3rd quarter valued at about $6,075,000. 95.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Addus HomeCare

In other news, insider Heather Brianne Dixon sold 288 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total value of $27,005.76. Following the sale, the insider directly owned 44,371 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 966 shares of company stock worth $90,168 in the last three months. 4.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADUS has been the subject of several research reports. Weiss Ratings cut shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Barclays cut their target price on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating for the company in a research report on Friday, May 15th. Citizens Jmp restated a “market outperform” rating and set a $142.00 price target on shares of Addus HomeCare in a report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Addus HomeCare has an average rating of “Moderate Buy” and a consensus target price of $131.00.

Addus HomeCare Stock Performance

ADUS stock traded down $0.23 during midday trading on Tuesday, hitting $105.50. 8,769 shares of the company traded hands, compared to its average volume of 243,977. The business has a 50 day simple moving average of $95.33 and a 200-day simple moving average of $101.15. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $124.43. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The business had revenue of $363.50 million during the quarter, compared to the consensus estimate of $366.41 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. Addus HomeCare’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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.

Addus HomeCare Company Profile

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.