Deutsche Bank AG Invests $2.06 Million in Addus HomeCare Corporation $ADUS

Key Points

• Deutsche Bank acquired a new $2.06 million stake in Addus HomeCare, purchasing 20,523 shares and owning approximately 0.11% of the company.
• Institutional investors collectively own 95.35% of Addus HomeCare, while an insider sold 288 shares under a pre-arranged Rule 10b5-1 trading plan.
• Addus HomeCare exceeded quarterly expectations with EPS of $1.73 and revenue of $377.41 million, while analysts maintain a “Moderate Buy” consensus and an average price target of $130.88.

Deutsche Bank AG bought a new stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,523 shares of the company's stock, valued at approximately $2,062,000. Deutsche Bank AG owned approximately 0.11% of Addus HomeCare as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $93.77, for a total transaction of $27,005.76. Following the completion of the transaction, the insider owned 44,371 shares in the company, valued at $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by insiders.

Addus HomeCare Trading Down 2.1%

ADUS stock opened at $115.55 on Friday. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $124.43. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm's fifty day simple moving average is $111.95 and its two-hundred day simple moving average is $102.96.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.73 earnings per share (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 net margin of 7.13% and a return on equity of 9.96%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.49 EPS. As a group, analysts anticipate that Addus HomeCare Corporation will post 6.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ADUS shares. Citigroup restated a "market outperform" rating on shares of Addus HomeCare in a research note on Friday, July 24th. Royal Bank Of Canada boosted their target price on shares of Addus HomeCare from $130.00 to $134.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Barclays upped their target price on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 8th. Citizens Jmp reaffirmed a "market outperform" rating and set a $142.00 target price on shares of Addus HomeCare in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Addus HomeCare from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.88.

About Addus HomeCare

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.

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