Royal Bank of Canada Cuts Stake in Addus HomeCare Corporation $ADUS

Royal Bank of Canada cut its stake in Addus HomeCare Corporation (NASDAQ:ADUS) by 32.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,744 shares of the company’s stock after selling 6,598 shares during the quarter. Royal Bank of Canada owned approximately 0.07% of Addus HomeCare worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADUS. 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 in the last quarter. ProShare Advisors LLC lifted its position in shares of Addus HomeCare by 3.1% in the fourth 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 boosted its stake in shares of Addus HomeCare by 0.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock worth $2,150,000 after acquiring an additional 106 shares during the last quarter. State of Wyoming boosted 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 during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Addus HomeCare by 65.5% during the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADUS has been the subject of several recent research reports. Barclays increased 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. Citigroup reiterated a “market outperform” rating on shares of Addus HomeCare in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Citizens Jmp reaffirmed a “market outperform” rating and set a $142.00 price objective on shares of Addus HomeCare in a research note on Monday, May 18th. Finally, Royal Bank Of Canada increased their price objective on shares of Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. One research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.88.

Addus HomeCare Stock Up 0.4%

Shares of NASDAQ:ADUS opened at $120.55 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $108.92 and a two-hundred day moving average of $102.37. The stock has a market cap of $2.25 billion, a P/E ratio of 21.15, a PEG ratio of 1.61 and a beta of 0.87. Addus HomeCare Corporation has a 52-week low of $87.95 and a 52-week high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last issued its earnings results on Monday, August 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The business had revenue of $377.41 million during the quarter, compared to the consensus estimate of $376.24 million. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned $1.49 EPS. On average, research analysts expect that Addus HomeCare Corporation will post 6.29 earnings per share for the current year.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of Addus HomeCare 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 transaction, 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 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 own 4.10% of the company’s stock.

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.