Addus HomeCare Corporation $ADUS Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,827 shares of the company’s stock after buying an additional 8,893 shares during the period. Public Sector Pension Investment Board’s holdings in Addus HomeCare were worth $8,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in Addus HomeCare by 10.1% in the second quarter. Russell Investments Group Ltd. now owns 55,900 shares of the company’s stock valued at $6,439,000 after acquiring an additional 5,110 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Addus HomeCare by 0.3% during the second quarter. Nordea Investment Management AB now owns 36,159 shares of the company’s stock worth $4,131,000 after purchasing an additional 111 shares in the last quarter. Creative Planning lifted its holdings in shares of Addus HomeCare by 150.9% in the 2nd quarter. Creative Planning now owns 7,024 shares of the company’s stock valued at $809,000 after purchasing an additional 4,224 shares during the last quarter. Tributary Capital Management LLC boosted its position in shares of Addus HomeCare by 114.1% in the 3rd quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after purchasing an additional 212,192 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Addus HomeCare by 25.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 101,705 shares of the company’s stock valued at $11,715,000 after purchasing an additional 20,479 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen lowered Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st. BMO Capital Markets began coverage on shares of Addus HomeCare in a research note on Thursday, November 13th. They set a “market perform” rating and a $120.00 price target for the company. Truist Financial set a $135.00 price objective on shares of Addus HomeCare and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada upped their target price on shares of Addus HomeCare from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.44.

Addus HomeCare Trading Down 0.5%

Shares of Addus HomeCare stock opened at $113.26 on Wednesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $124.43. The company’s 50-day simple moving average is $109.80 and its 200-day simple moving average is $113.05. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.14.

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.