Addus HomeCare Corporation $ADUS Position Increased by Creative Planning

Creative Planning lifted its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 150.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,024 shares of the company’s stock after acquiring an additional 4,224 shares during the period. Creative Planning’s holdings in Addus HomeCare were worth $809,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ADUS. First Hawaiian Bank boosted its stake in Addus HomeCare by 2.0% in the 1st quarter. First Hawaiian Bank now owns 4,898 shares of the company’s stock worth $484,000 after purchasing an additional 95 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Addus HomeCare by 1.9% in the second quarter. Maryland State Retirement & Pension System now owns 5,335 shares of the company’s stock valued at $615,000 after purchasing an additional 101 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Addus HomeCare by 0.3% in the second quarter. Nordea Investment Management AB now owns 36,159 shares of the company’s stock worth $4,131,000 after buying an additional 111 shares during the period. CWM LLC grew its holdings in shares of Addus HomeCare by 25.3% during the second quarter. CWM LLC now owns 554 shares of the company’s stock valued at $64,000 after buying an additional 112 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in Addus HomeCare by 1.7% during the second quarter. Yousif Capital Management LLC now owns 6,855 shares of the company’s stock valued at $790,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

Insider Transactions at Addus HomeCare

In related news, EVP Darby Anderson sold 20,000 shares of the company’s 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 directly owned 44,144 shares in the company, valued at approximately $4,811,696. This represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on shares of Addus HomeCare in a report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price target for the company. Stephens reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Addus HomeCare in a research report on Wednesday, September 3rd. Royal Bank Of Canada increased their target price on shares of Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, TD Cowen lifted their target price on shares of Addus HomeCare from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.11.

Addus HomeCare Price Performance

Shares of ADUS opened at $120.84 on Tuesday. The firm has a market cap of $2.23 billion, a PE ratio of 26.68, a PEG ratio of 1.87 and a beta of 0.88. The firm’s 50 day moving average price is $116.04 and its 200 day moving average price is $113.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 1.74. Addus HomeCare Corporation has a twelve month low of $88.96 and a twelve month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, November 3rd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.53 by $0.03. Addus HomeCare had a net margin of 6.51% and a return on equity of 9.39%. The company had revenue of $362.30 million during the quarter, compared to the consensus estimate of $354.48 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, research analysts expect that Addus HomeCare Corporation will post 4.59 EPS for the current fiscal year.

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.