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

Sei Investments Co. increased its position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 24.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 42,486 shares of the company’s stock after purchasing an additional 8,332 shares during the period. Sei Investments Co.’s holdings in Addus HomeCare were worth $3,979,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in Addus HomeCare by 395.7% during the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after purchasing an additional 186 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in shares of Addus HomeCare in the 4th quarter valued at $29,000. Private Trust Co. NA increased its stake in shares of Addus HomeCare by 65.5% in 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. Finally, Arax Advisory Partners raised its holdings in shares of Addus HomeCare by 95.8% during the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares in the last quarter. 95.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADUS. Weiss Ratings upgraded Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Royal Bank Of Canada boosted their target price on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays increased 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. Citigroup restated a “market outperform” rating on shares of Addus HomeCare in a research note on Friday, July 24th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $142.00 price target on shares of Addus HomeCare in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.88.

Addus HomeCare Price Performance

Shares of ADUS opened at $118.78 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The stock 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. Addus HomeCare Corporation has a 12-month low of $87.95 and a 12-month high of $124.43. The business has a 50-day simple moving average of $103.52 and a two-hundred day simple moving average of $101.60.

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

Insider Activity

In other news, insider Heather Brianne Dixon sold 288 shares of Addus HomeCare stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $93.77, for a total transaction of $27,005.76. Following the transaction, the insider owned 44,371 shares in the company, valued at approximately $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 worth $73,506 over the last ninety days. 4.10% 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.