Hsbc Holdings PLC Makes New $2.45 Million Investment in Addus HomeCare Corporation $ADUS

Hsbc Holdings PLC purchased a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 24,463 shares of the company’s stock, valued at approximately $2,446,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in Addus HomeCare by 2.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock worth $446,000 after buying an additional 103 shares during the period. ProShare Advisors LLC boosted its position in Addus HomeCare by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 3,527 shares of the company’s stock valued at $379,000 after buying an additional 105 shares during the period. CANADA LIFE ASSURANCE Co boosted its position 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 buying an additional 106 shares during the period. State of Wyoming grew its stake in shares of Addus HomeCare by 25.7% in the fourth quarter. State of Wyoming now owns 523 shares of the company’s stock worth $56,000 after acquiring an additional 107 shares in the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of Addus HomeCare by 0.9% in the third quarter. Pathstone Holdings LLC now owns 12,727 shares of the company’s stock worth $1,502,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of Addus HomeCare in a research report on Friday, July 24th. Weiss Ratings raised Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Citizens Jmp restated a “market outperform” rating and set a $142.00 price target on shares of Addus HomeCare in a report on Monday, May 18th. Royal Bank Of Canada increased their price target on Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Barclays lifted their price objective on Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.88.

Insiders Place Their Bets

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of Addus HomeCare stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total transaction of $27,005.76. Following the completion of the sale, the insider directly owned 44,371 shares of the company’s stock, valued at $4,160,668.67. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by corporate insiders.

Addus HomeCare Stock Performance

Shares of NASDAQ:ADUS opened at $115.55 on Monday. Addus HomeCare Corporation has a 52 week low of $87.95 and a 52 week high of $124.43. The company’s 50 day moving average is $111.95 and its two-hundred day moving average is $102.96. The company has a market cap of $2.16 billion, a PE ratio of 20.27, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.03. The business had revenue of $377.41 million during the quarter, compared to analysts’ expectations of $376.24 million. Addus HomeCare had a net margin of 7.13% and a return on equity of 9.96%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. Equities analysts predict that Addus HomeCare Corporation will post 6.3 earnings per share for the current fiscal year.

Addus HomeCare 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.