Fifth Third Bancorp Purchases 8,531 Shares of Addus HomeCare Corporation $ADUS

Fifth Third Bancorp boosted its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 5,612.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,683 shares of the company’s stock after buying an additional 8,531 shares during the period. Fifth Third Bancorp’s holdings in Addus HomeCare were worth $813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Addus HomeCare by 2.5% in the 4th 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 in the last quarter. ProShare Advisors LLC boosted its position 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 valued at $379,000 after acquiring an additional 105 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Addus HomeCare by 0.6% in the second 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 increased its stake in Addus HomeCare by 25.7% in the fourth 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 increased its stake in Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the period. Institutional investors own 95.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADUS. Barclays raised their price target on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 8th. Weiss Ratings raised Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Citizens Jmp reissued a “market outperform” rating and issued a $142.00 target price on shares of Addus HomeCare in a report on Monday, May 18th. Finally, Citigroup restated a “market outperform” rating on shares of Addus HomeCare in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Addus HomeCare Trading Up 1.0%

ADUS opened at $115.65 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.16 billion, a PE ratio of 21.38, a PEG ratio of 1.57 and a beta of 0.88. Addus HomeCare Corporation has a 1-year low of $87.95 and a 1-year high of $124.43. The firm has a 50-day moving average price of $99.71 and a two-hundred day moving average price of $101.23.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The company had revenue of $363.50 million during the quarter, compared to the consensus estimate of $366.41 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Addus HomeCare Corporation will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Addus HomeCare

In related news, insider Heather Brianne Dixon sold 288 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $93.77, for a total value of $27,005.76. Following the completion of the transaction, the insider owned 44,371 shares in the company, valued at $4,160,668.67. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 788 shares of company stock valued at $73,506 over the last three months. Company insiders own 4.10% of the company’s stock.

Addus HomeCare Company 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.