Hsbc Holdings PLC Grows Stock Position in Addus HomeCare Co. (NASDAQ:ADUS)

Posted by Defense World Staff on Feb 26th, 2023

Hsbc Holdings PLC lifted its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS – Get Rating) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,169 shares of the company’s stock after purchasing an additional 3,308 shares during the quarter. Hsbc Holdings PLC owned about 0.25% of Addus HomeCare worth $3,833,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ADUS. Assetmark Inc. boosted its stake in shares of Addus HomeCare by 34.0% during the third quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $48,000 after acquiring an additional 127 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Addus HomeCare by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 369 shares of the company’s stock worth $35,000 after buying an additional 193 shares during the last quarter. AQR Capital Management LLC boosted its stake in Addus HomeCare by 3.5% in the 2nd quarter. AQR Capital Management LLC now owns 6,528 shares of the company’s stock worth $544,000 after buying an additional 220 shares during the last quarter. Prudential Financial Inc. boosted its stake in Addus HomeCare by 1.4% in the 3rd quarter. Prudential Financial Inc. now owns 17,891 shares of the company’s stock worth $1,702,000 after buying an additional 245 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Addus HomeCare by 321.5% in the 3rd quarter. UMB Bank n.a. now owns 333 shares of the company’s stock worth $32,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.

Addus HomeCare Stock Performance

Addus HomeCare stock opened at $104.59 on Friday. The stock’s 50-day moving average is $104.55 and its 200-day moving average is $101.58. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.87. Addus HomeCare Co. has a 12 month low of $70.37 and a 12 month high of $112.89.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADUS. StockNews.com raised Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 20th. Royal Bank of Canada raised their price objective on Addus HomeCare from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, November 2nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Addus HomeCare currently has an average rating of “Buy” and an average target price of $112.60.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP David W. Tucker sold 268 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $107.09, for a total transaction of $28,700.12. Following the completion of the sale, the executive vice president now owns 7,952 shares in the company, valued at approximately $851,579.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Addus HomeCare news, EVP David W. Tucker sold 784 shares of Addus HomeCare stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $108.57, for a total transaction of $85,118.88. Following the sale, the executive vice president now owns 7,168 shares of the company’s stock, valued at approximately $778,229.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David W. Tucker sold 268 shares of Addus HomeCare stock in a transaction on Monday, November 28th. The shares were sold at an average price of $107.09, for a total value of $28,700.12. Following the sale, the executive vice president now directly owns 7,952 shares in the company, valued at approximately $851,579.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,429 shares of company stock worth $152,854. 4.50% of the stock is currently owned by company insiders.

About Addus HomeCare

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Addus HomeCare Corp. engages in the provision of in-home personal care services. It operates through the following segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled.