Addus HomeCare Corporation $ADUS Position Raised by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. increased its holdings in Addus HomeCare by 4.5%, now owning 67,219 shares valued at approximately $7.74 million.
• Insider transactions revealed significant sales, with Director Veronica Hill-Milbourne and EVP Brian Poff selling shares worth over $1 million combined in August.
• Addus HomeCare reported a strong quarterly performance, with $1.49 EPS exceeding estimates, and a 21.8% year-over-year revenue increase to $349.44 million.

Harbor Capital Advisors Inc. grew its holdings in Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,219 shares of the company's stock after purchasing an additional 2,906 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.37% of Addus HomeCare worth $7,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Addus HomeCare during the 1st quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd increased its position in shares of Addus HomeCare by 368.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,255 shares of the company's stock worth $124,000 after acquiring an additional 987 shares during the period. Bailard Inc. purchased a new position in Addus HomeCare in the first quarter valued at $208,000. Heritage Family Offices LLP grew its stake in Addus HomeCare by 6.3% during the 1st quarter. Heritage Family Offices LLP now owns 2,417 shares of the company's stock worth $239,000 after purchasing an additional 143 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Addus HomeCare by 52.4% during the 1st quarter. Private Advisor Group LLC now owns 2,546 shares of the company's stock worth $252,000 after purchasing an additional 875 shares during the period. Institutional investors and hedge funds own 95.35% of the company's stock.

Insider Buying and Selling

In related news, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $114.95, for a total value of $2,873,750.00. Following the transaction, the chief executive officer directly owned 166,461 shares in the company, valued at $19,134,691.95. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Veronica Hill-Milbourne sold 1,571 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $114.93, for a total transaction of $180,555.03. Following the completion of the sale, the director owned 5,067 shares of the company's stock, valued at $582,350.31. This trade represents a 23.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,310 shares of company stock valued at $3,958,375 over the last three months. 4.50% of the stock is currently owned by company insiders.

Addus HomeCare Stock Performance

NASDAQ ADUS traded up $2.09 during trading on Friday, reaching $111.90. The company's stock had a trading volume of 453,006 shares, compared to its average volume of 118,120. The business's fifty day moving average price is $111.72 and its 200-day moving average price is $107.62. Addus HomeCare Corporation has a twelve month low of $88.96 and a twelve month high of $136.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 1.67 and a beta of 0.85.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.04. The firm had revenue of $349.44 million for the quarter, compared to analyst estimates of $345.71 million. Addus HomeCare had a return on equity of 9.39% and a net margin of 6.51%.The business's revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $1.35 earnings per share. As a group, analysts anticipate that Addus HomeCare Corporation will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADUS. Stephens reiterated an "overweight" rating and issued a $140.00 price objective on shares of Addus HomeCare in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. UBS Group began coverage on shares of Addus HomeCare in a report on Tuesday, September 2nd. They set a "buy" rating and a $145.00 price target for the company. TD Cowen raised their price objective on shares of Addus HomeCare from $135.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Addus HomeCare in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $138.89.

Addus HomeCare Company 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.