Renaissance Group LLC Increases Stock Position in Addus HomeCare Corporation $ADUS

Renaissance Group LLC raised its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 9.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,435 shares of the company’s stock after buying an additional 5,238 shares during the period. Renaissance Group LLC’s holdings in Addus HomeCare were worth $7,485,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Addus HomeCare by 4.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 65,961 shares of the company’s stock valued at $7,783,000 after acquiring an additional 2,850 shares during the last quarter. AlphaQuest LLC acquired a new position in Addus HomeCare in the third quarter valued at approximately $37,000. Arizona State Retirement System boosted its position in Addus HomeCare by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 5,436 shares of the company’s stock valued at $641,000 after purchasing an additional 136 shares during the period. Cambiar Investors LLC grew its position in shares of Addus HomeCare by 10.1% during the third quarter. Cambiar Investors LLC now owns 14,179 shares of the company’s stock worth $1,673,000 after acquiring an additional 1,299 shares during the last quarter. Finally, Huntleigh Advisors Inc. grew its position in Addus HomeCare by 6.3% in the 3rd quarter. Huntleigh Advisors Inc. now owns 4,222 shares of the company’s stock worth $498,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Trading Down 0.7%

Shares of Addus HomeCare stock opened at $105.88 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $110.43 and its 200-day simple moving average is $112.84. Addus HomeCare Corporation has a 1 year low of $88.96 and a 1 year high of $124.43. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.28 and a beta of 0.91.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADUS. Barclays increased their price target on Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st. Wall Street Zen upgraded Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday. TD Cowen reaffirmed a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada raised their price target on shares of Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.44.

Insider Buying and Selling

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the sale, the executive vice president owned 44,144 shares in the company, valued at $4,811,696. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 20,316 shares of company stock valued at $2,215,998 over the last three months. 4.50% of the stock is 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.