Public Employees Retirement System of Ohio Makes New $1.69 Million Investment in Addus HomeCare Corporation $ADUS

Key Points

• Public Employees Retirement System of Ohio acquired 16,841 Addus HomeCare shares worth approximately $1.69 million, while institutional investors collectively own 95.35% of the company.
• Addus HomeCare exceeded quarterly earnings expectations, reporting $1.73 in EPS and $377.41 million in revenue, up 8% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $128.86.

Public Employees Retirement System of Ohio bought a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,841 shares of the company's stock, valued at approximately $1,692,000. Public Employees Retirement System of Ohio owned 0.09% of Addus HomeCare at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PenderFund Capital Management Ltd. acquired a new stake in shares of Addus HomeCare in the 2nd quarter valued at approximately $1,858,000. Capstone Investment Advisors LLC bought a new stake in Addus HomeCare in the second quarter valued at approximately $689,000. Corient Private Wealth LP acquired a new stake in Addus HomeCare in the second quarter worth $539,000. Punch & Associates Investment Management Inc. acquired a new stake in Addus HomeCare in the second quarter worth $20,911,000. Finally, Bank of America Corp DE bought a new position in shares of Addus HomeCare during the second quarter worth $35,527,000. 95.35% of the stock is owned by institutional investors.

Addus HomeCare Price Performance

Addus HomeCare stock opened at $118.76 on Tuesday. The stock has a market capitalization of $2.22 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.59 and a beta of 0.86. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $124.43. 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 company has a 50 day moving average of $114.42 and a 200-day moving average of $103.16.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. The business had revenue of $377.41 million for 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 firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $1.49 earnings per share. On average, equities research analysts anticipate that Addus HomeCare Corporation will post 6.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADUS. Royal Bank Of Canada boosted their price target on shares of Addus HomeCare from $130.00 to $134.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Citizens Jmp reaffirmed a "market outperform" rating and set a $142.00 price objective on shares of Addus HomeCare in a research note on Monday, May 18th. Weiss Ratings upgraded Addus HomeCare from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 9th. Citigroup reissued a "market outperform" rating on shares of Addus HomeCare in a research note on Friday, July 24th. Finally, Barclays increased their price target on Addus HomeCare from $92.00 to $96.00 and gave the stock an "underweight" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.86.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, insider Heather Dixon sold 288 shares of the stock in a transaction dated 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 approximately $4,160,668.67. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.10% of the company's stock.

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.

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