Sei Investments Co. Acquires 8,332 Shares of Addus HomeCare Corporation $ADUS

Sei Investments Co. boosted its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,486 shares of the company’s stock after buying an additional 8,332 shares during the quarter. Sei Investments Co. owned approximately 0.23% of Addus HomeCare worth $3,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Addus HomeCare by 2.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock valued at $446,000 after buying an additional 103 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Addus HomeCare by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 3,527 shares of the company’s stock worth $379,000 after acquiring an additional 105 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Addus HomeCare by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock valued at $2,150,000 after acquiring an additional 106 shares during the period. State of Wyoming raised its stake in Addus HomeCare by 25.7% in the 4th quarter. State of Wyoming now owns 523 shares of the company’s stock valued at $56,000 after acquiring an additional 107 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Addus HomeCare by 65.5% during the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Royal Bank Of Canada raised their target price on shares of Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays lifted their target price on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. Citizens Jmp reiterated a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a research note on Monday, May 18th. Finally, Citigroup reissued a “market outperform” rating on shares of Addus HomeCare in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Addus HomeCare has an average rating of “Moderate Buy” and an average price target of $130.88.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS opened at $118.78 on Friday. Addus HomeCare Corporation has a 12-month low of $87.95 and a 12-month high of $124.43. The company’s 50 day moving average price is $103.52 and its two-hundred day moving average price is $101.60. The firm has a market cap of $2.22 billion, a PE ratio of 20.84, a PEG ratio of 1.57 and a beta of 0.87. The company has a quick ratio of 1.83, a current ratio of 1.69 and a debt-to-equity ratio of 0.05.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%.The business had revenue of $377.41 million during the quarter, compared to analysts’ expectations of $376.24 million. During the same period in the previous year, the company posted $1.49 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts predict that Addus HomeCare Corporation will post 6.25 earnings per share for the current year.

Insider Buying and Selling at Addus HomeCare

In other news, insider Heather Brianne Dixon sold 288 shares of the stock in a transaction 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 sale, the insider directly owned 44,371 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 788 shares of company stock worth $73,506. Corporate insiders own 4.10% of the company’s stock.

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.