Renaissance Group LLC Boosts Holdings in Addus HomeCare Corporation $ADUS

Renaissance Group LLC grew its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,435 shares of the company’s stock after acquiring an additional 5,238 shares during the quarter. Renaissance Group LLC owned about 0.34% of Addus HomeCare worth $7,485,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tributary Capital Management LLC raised its position in shares of Addus HomeCare by 114.1% during the 3rd quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after buying an additional 212,192 shares during the period. Leeward Investments LLC MA acquired a new stake in Addus HomeCare during the 2nd quarter worth approximately $9,152,000. TimesSquare Capital Management LLC boosted its holdings in Addus HomeCare by 13.9% in the second quarter. TimesSquare Capital Management LLC now owns 394,047 shares of the company’s stock valued at $45,390,000 after purchasing an additional 48,207 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Addus HomeCare by 162.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 74,317 shares of the company’s stock valued at $8,561,000 after buying an additional 46,010 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in Addus HomeCare by 34.3% in the second quarter. Kennedy Capital Management LLC now owns 178,801 shares of the company’s stock worth $20,596,000 after acquiring an additional 45,670 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

ADUS has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. BMO Capital Markets began coverage on shares of Addus HomeCare in a research report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price objective for the company. Truist Financial set a $135.00 price target on Addus HomeCare and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Barclays raised their price objective on shares of Addus HomeCare from $111.00 to $117.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Addus HomeCare has a consensus rating of “Moderate Buy” and an average target price of $135.44.

Insider Transactions at Addus HomeCare

In other news, EVP Darby Anderson sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total value of $2,180,000.00. Following the completion of the sale, the executive vice president owned 44,144 shares of the company’s stock, valued at $4,811,696. This represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 20,316 shares of company stock worth $2,215,998 in the last ninety days. 4.50% of the stock is owned by insiders.

Addus HomeCare Stock Down 0.7%

Shares of NASDAQ ADUS opened at $105.88 on Friday. The firm has a fifty day moving average of $110.43 and a 200-day moving average of $112.84. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $124.43. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.96 billion, a PE ratio of 22.67, a P/E/G ratio of 1.28 and a beta of 0.91.

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.