22,132 Addus HomeCare Corporation $ADUS Shares Bought by Bridge City Capital LLC

Key Points

• Bridge City Capital increased its Addus HomeCare stake by 25.9% in the third quarter, purchasing 22,132 additional shares. The fund now owns 107,577 shares valued at approximately $11.9 million, representing 2.5% of its portfolio.
• Institutional ownership remains high, with hedge funds and other institutional investors holding 95.35% of Addus HomeCare’s stock. Several major investors, including BlackRock and Bank of America, recently established or expanded positions.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $129.33. Addus recently exceeded quarterly earnings and revenue estimates, reporting $1.73 in EPS and $377.41 million in revenue.

Bridge City Capital LLC raised its stake in Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,577 shares of the company's stock after acquiring an additional 22,132 shares during the period. Addus HomeCare makes up 2.5% of Bridge City Capital LLC's portfolio, making the stock its 2nd largest holding. Bridge City Capital LLC owned approximately 0.58% of Addus HomeCare worth $11,892,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in ADUS. BlackRock Inc. purchased a new stake in Addus HomeCare in the second quarter valued at approximately $344,153,000. Dimensional Fund Advisors LP lifted its stake in Addus HomeCare by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company's stock valued at $69,689,000 after acquiring an additional 78,415 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Addus HomeCare in the second quarter valued at $35,527,000. TimesSquare Capital Management LLC acquired a new stake in Addus HomeCare in the second quarter worth about $31,502,000. Finally, Punch & Associates Investment Management Inc. acquired a new position in Addus HomeCare during the 2nd quarter worth approximately $20,911,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADUS shares. Barclays raised their price target on shares of Addus HomeCare from $92.00 to $96.00 and gave the company an "underweight" rating in a research report on Wednesday, July 8th. Royal Bank Of Canada increased their price objective on shares of Addus HomeCare from $130.00 to $134.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Raymond James Financial set a $137.00 target price on shares of Addus HomeCare in a report on Monday, September 28th. Bank of America lowered Addus HomeCare from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $140.00 to $125.00 in a research report on Monday, September 14th. Finally, Citigroup downgraded Addus HomeCare from a "market outperform" rating to a "neutral" rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $129.33.

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $125.54 on Monday. The firm has a 50-day moving average price of $117.00 and a two-hundred day moving average price of $106.46. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.69 and a current ratio of 1.69. Addus HomeCare Corporation has a 52 week low of $87.95 and a 52 week high of $126.62.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. The firm had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. On average, equities analysts expect that Addus HomeCare Corporation will post 6.33 earnings per share for the current fiscal year.

About Addus HomeCare

Addus HomeCare Inc NASDAQ: ADUS provides in-home personal care, hospice and home health services to older adults, people with disabilities and other individuals who need assistance with daily living or medical care. Its services are designed to help clients remain safely and independently in their homes while supporting families and caregivers.

The company's personal care services include assistance with bathing, dressing, grooming, meal preparation, housekeeping and other activities of daily living.

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