Prudential Financial Inc. Raises Holdings in Addus Homecare Co. (NASDAQ:ADUS)

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Prudential Financial Inc. grew its position in shares of Addus Homecare Co. (NASDAQ:ADUS) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,897 shares of the company’s stock after purchasing an additional 230 shares during the quarter. Prudential Financial Inc.’s holdings in Addus Homecare were worth $1,266,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Allianz Asset Management GmbH grew its holdings in shares of Addus Homecare by 15.3% during the second quarter. Allianz Asset Management GmbH now owns 235,279 shares of the company’s stock worth $17,634,000 after purchasing an additional 31,152 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Addus Homecare during the second quarter worth about $40,000. 361 Capital LLC purchased a new position in shares of Addus Homecare during the second quarter worth about $2,940,000. Calamos Advisors LLC purchased a new position in shares of Addus Homecare during the second quarter worth about $4,541,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Addus Homecare by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 60,423 shares of the company’s stock worth $4,491,000 after purchasing an additional 1,556 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Shares of ADUS traded up $0.55 during mid-day trading on Friday, hitting $80.50. 1,265 shares of the company’s stock were exchanged, compared to its average volume of 242,951. Addus Homecare Co. has a fifty-two week low of $57.94 and a fifty-two week high of $92.91. The firm has a market capitalization of $1.21 billion, a P/E ratio of 47.58, a P/E/G ratio of 2.57 and a beta of -0.10. The business’s 50 day moving average is $83.49 and its two-hundred day moving average is $73.14. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.17.

Addus Homecare (NASDAQ:ADUS) last announced its earnings results on Monday, August 5th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Addus Homecare had a net margin of 3.31% and a return on equity of 8.55%. The business had revenue of $149.69 million during the quarter, compared to the consensus estimate of $146.66 million. On average, equities research analysts forecast that Addus Homecare Co. will post 1.98 earnings per share for the current year.

Several brokerages have recently weighed in on ADUS. Zacks Investment Research upgraded shares of Addus Homecare from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets set a $85.00 target price on shares of Addus Homecare and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Oppenheimer increased their target price on shares of Addus Homecare from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. William Blair reiterated an “outperform” rating on shares of Addus Homecare in a research note on Friday, August 9th. Finally, Raymond James set a $92.00 target price on shares of Addus Homecare and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $88.29.

In related news, EVP Laurie Manning sold 990 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $83.21, for a total value of $82,377.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider W Bradley Bickham sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $80.67, for a total transaction of $1,210,050.00. Following the completion of the sale, the insider now owns 38,311 shares of the company’s stock, valued at approximately $3,090,548.37. The disclosure for this sale can be found here. 20.10% of the stock is owned by company insiders.

About Addus Homecare

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Institutional Ownership by Quarter for Addus Homecare (NASDAQ:ADUS)

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