Shares of LHC Group Inc. (NASDAQ:LHCG) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.83.
A number of brokerages have recently issued reports on LHCG. Zacks Investment Research downgraded shares of LHC Group from a “buy” rating to a “sell” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $46.00 price target (down from $50.00) on shares of LHC Group in a report on Tuesday, September 13th.
In related news, Director Kenneth E. Thorpe sold 1,450 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $36.88, for a total value of $53,476.00. Following the transaction, the director now directly owns 17,550 shares in the company, valued at $647,244. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LHCG. TIAA CREF Investment Management LLC boosted its position in LHC Group by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 124,879 shares of the company’s stock valued at $4,441,000 after buying an additional 12,273 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of LHC Group during the first quarter worth approximately $100,000. Picton Mahoney Asset Management boosted its position in shares of LHC Group by 21.7% in the first quarter. Picton Mahoney Asset Management now owns 2,800 shares of the company’s stock worth $100,000 after buying an additional 500 shares during the last quarter. Kempen Capital Management N.V. boosted its position in shares of LHC Group by 995.0% in the first quarter. Kempen Capital Management N.V. now owns 13,261 shares of the company’s stock worth $472,000 after buying an additional 12,050 shares during the last quarter. Finally, Zebra Capital Management LLC boosted its position in shares of LHC Group by 23.4% in the first quarter. Zebra Capital Management LLC now owns 10,189 shares of the company’s stock worth $362,000 after buying an additional 1,934 shares during the last quarter. Institutional investors own 80.67% of the company’s stock.
LHC Group (NASDAQ:LHCG) traded up 0.47% during midday trading on Monday, reaching $36.49. 13,827 shares of the company traded hands. The company has a market capitalization of $662.40 million, a price-to-earnings ratio of 19.10 and a beta of 0.64. LHC Group has a one year low of $32.77 and a one year high of $49.34. The stock’s 50 day moving average is $36.61 and its 200 day moving average is $40.05.
LHC Group (NASDAQ:LHCG) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $226 million for the quarter, compared to the consensus estimate of $221.09 million. LHC Group had a net margin of 3.87% and a return on equity of 9.64%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that LHC Group will post $1.99 earnings per share for the current year.
About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.
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