Addus HomeCare Corporation $ADUS Stock Position Raised by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 418,348 shares of the company’s stock after purchasing an additional 24,301 shares during the quarter. TimesSquare Capital Management LLC owned about 2.27% of Addus HomeCare worth $49,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Addus HomeCare by 10.1% in the second quarter. Russell Investments Group Ltd. now owns 55,900 shares of the company’s stock valued at $6,439,000 after acquiring an additional 5,110 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Addus HomeCare by 0.3% in the second quarter. Nordea Investment Management AB now owns 36,159 shares of the company’s stock valued at $4,131,000 after buying an additional 111 shares during the period. Creative Planning boosted its stake in Addus HomeCare by 150.9% during the second quarter. Creative Planning now owns 7,024 shares of the company’s stock valued at $809,000 after buying an additional 4,224 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Addus HomeCare by 114.1% during the third quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after buying an additional 212,192 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Addus HomeCare by 25.2% during the second quarter. Loomis Sayles & Co. L P now owns 101,705 shares of the company’s stock worth $11,715,000 after acquiring an additional 20,479 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st. Barclays increased their price target on Addus HomeCare from $111.00 to $117.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Truist Financial set a $135.00 price target on shares of Addus HomeCare and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada raised their price objective on shares of Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.44.

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $113.80 on Friday. The firm has a market cap of $2.10 billion, a P/E ratio of 24.37, a PEG ratio of 1.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66. Addus HomeCare Corporation has a fifty-two week low of $88.96 and a fifty-two week high of $124.43. The stock’s 50-day moving average is $109.72 and its two-hundred day moving average is $112.91.

Insider Buying and Selling at Addus HomeCare

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the completion of the sale, the executive vice president owned 44,144 shares of the company’s stock, valued at $4,811,696. This represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 20,316 shares of company stock valued at $2,215,998. 4.50% of the stock is currently owned by company insiders.

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.