Public Sector Pension Investment Board Boosts Holdings in Addus HomeCare Corporation $ADUS

Public Sector Pension Investment Board increased its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,827 shares of the company’s stock after buying an additional 8,893 shares during the quarter. Public Sector Pension Investment Board owned about 0.38% of Addus HomeCare worth $8,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ADUS. Royal Bank of Canada raised its position in Addus HomeCare by 24.3% in the first quarter. Royal Bank of Canada now owns 6,899 shares of the company’s stock valued at $682,000 after purchasing an additional 1,347 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Addus HomeCare by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,374 shares of the company’s stock valued at $1,026,000 after buying an additional 459 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Addus HomeCare by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,679 shares of the company’s stock valued at $5,111,000 after buying an additional 2,952 shares during the last quarter. Jane Street Group LLC boosted its stake in Addus HomeCare by 387.6% during the first quarter. Jane Street Group LLC now owns 11,045 shares of the company’s stock worth $1,092,000 after buying an additional 8,780 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Addus HomeCare by 44.7% during the first quarter. Intech Investment Management LLC now owns 14,362 shares of the company’s stock worth $1,420,000 after buying an additional 4,439 shares during the period. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Addus HomeCare Price Performance

Shares of NASDAQ ADUS opened at $113.26 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66. The company 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. The stock’s 50-day moving average is $109.80 and its two-hundred day moving average is $113.05. Addus HomeCare Corporation has a 1-year low of $88.96 and a 1-year high of $124.43.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADUS. Barclays upped their price objective on shares of Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Wall Street Zen cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Sunday. TD Cowen reaffirmed a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. BMO Capital Markets began coverage on Addus HomeCare in a report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 price objective on the stock. Finally, Royal Bank Of Canada raised their target price on Addus HomeCare from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.44.

Addus HomeCare 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.