Addus HomeCare Corporation $ADUS Position Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 457,090 shares of the company’s stock after purchasing an additional 15,543 shares during the period. Geode Capital Management LLC owned 2.48% of Addus HomeCare worth $52,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Hawaiian Bank grew its position in shares of Addus HomeCare by 2.0% during the 1st quarter. First Hawaiian Bank now owns 4,898 shares of the company’s stock valued at $484,000 after buying an additional 95 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in 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 acquiring an additional 101 shares during the period. Nordea Investment Management AB grew its holdings 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 valued at $4,131,000 after purchasing an additional 111 shares during the last quarter. CWM LLC raised its position in shares of Addus HomeCare by 25.3% during the 2nd quarter. CWM LLC now owns 554 shares of the company’s stock worth $64,000 after purchasing an additional 112 shares during the period. Finally, Yousif Capital Management LLC raised its position in shares of Addus HomeCare by 1.7% during the 2nd quarter. Yousif Capital Management LLC now owns 6,855 shares of the company’s stock worth $790,000 after purchasing an additional 115 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Price Performance

Shares of NASDAQ ADUS opened at $115.90 on Tuesday. The stock has a market cap of $2.14 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.87 and a beta of 0.88. The firm’s 50-day simple moving average is $115.02 and its 200 day simple moving average is $113.28. Addus HomeCare Corporation has a fifty-two week low of $88.96 and a fifty-two week high of $136.72. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.17.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target 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. Stephens restated an “overweight” rating and set a $140.00 price target on shares of Addus HomeCare in a research report on Wednesday, September 3rd. BMO Capital Markets started coverage on shares of Addus HomeCare in a research report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 price objective on the stock. Finally, Cowen reissued a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.11.

Insider Activity

In related news, EVP Darby Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the transaction, the executive vice president owned 44,144 shares in the company, valued at $4,811,696. This trade 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 through the SEC website. 4.50% of the stock is owned by company insiders.

About Addus HomeCare

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.