Jupiter Topco LLC Purchases New Position in Addus HomeCare Corporation $ADUS

Jupiter Topco LLC purchased a new position in Addus HomeCare Corporation (NASDAQ:ADUS) in the second quarter, HoldingsChannel reports. The fund purchased 7,959 shares of the company’s stock, valued at approximately $799,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Addus HomeCare during the 2nd quarter worth approximately $344,153,000. Capital Research Global Investors lifted its stake in shares of Addus HomeCare by 22.3% in the 4th quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock valued at $157,837,000 after purchasing an additional 268,192 shares during the period. Vanguard Group Inc. boosted its position in shares of Addus HomeCare by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,308,605 shares of the company’s stock valued at $140,531,000 after purchasing an additional 10,501 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Addus HomeCare by 0.8% during the third quarter. Wasatch Advisors LP now owns 936,243 shares of the company’s stock valued at $110,467,000 after purchasing an additional 7,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Addus HomeCare by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock worth $69,689,000 after purchasing an additional 78,415 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ADUS. Royal Bank Of Canada increased their price objective on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Barclays increased 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. Citigroup reissued a “market outperform” rating on shares of Addus HomeCare in a research report on Friday, July 24th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $142.00 price objective on shares of Addus HomeCare in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.86.

Addus HomeCare Price Performance

Shares of NASDAQ:ADUS opened at $118.76 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $114.01 and a two-hundred day simple moving average of $103.13. Addus HomeCare Corporation has a 12-month low of $87.95 and a 12-month high of $124.43. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.59 and a beta of 0.86.

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

Insider Transactions at Addus HomeCare

In related news, insider Heather Dixon sold 288 shares of the stock in a transaction dated Monday, June 22nd. The shares were 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 sale 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. 4.10% of the stock is currently owned by insiders.

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.