Robert W. Baird reiterated their hold rating on shares of LHC Group (NASDAQ:LHCG) in a report released on Tuesday morning. The brokerage currently has a $63.00 price target on the health services provider’s stock.
LHCG has been the subject of a number of other reports. Royal Bank Of Canada restated a buy rating and set a $69.00 price objective on shares of LHC Group in a research report on Tuesday, July 18th. Benchmark Co. raised their price objective on LHC Group from $63.00 to $72.00 and gave the stock a buy rating in a research report on Thursday, June 8th. Jefferies Group LLC reaffirmed a buy rating and set a $65.00 price target on shares of LHC Group in a research note on Friday, June 9th. BidaskClub downgraded LHC Group from a strong-buy rating to a buy rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised LHC Group from a hold rating to a buy rating and set a $67.00 price target for the company in a research note on Saturday, August 5th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $66.60.
LHC Group (NASDAQ:LHCG) opened at 65.15 on Tuesday. LHC Group has a 1-year low of $32.04 and a 1-year high of $69.35. The firm has a market cap of $1.19 billion, a P/E ratio of 28.83 and a beta of 0.76. The stock’s 50 day moving average is $63.01 and its 200-day moving average is $59.34.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, August 2nd. The health services provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09. LHC Group had a return on equity of 9.62% and a net margin of 4.13%. The firm had revenue of $260.20 million during the quarter, compared to analyst estimates of $254.10 million. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts forecast that LHC Group will post $2.39 EPS for the current year.
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In other news, COO Donald Dwayne Stelly sold 2,650 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total transaction of $173,151.00. Following the completion of the sale, the chief operating officer now directly owns 109,235 shares of the company’s stock, valued at approximately $7,137,414.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Coliseum Capital Management, L sold 14,450 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $65.69, for a total value of $949,220.50. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its stake in shares of LHC Group by 2.8% in the 1st quarter. Swiss National Bank now owns 25,535 shares of the health services provider’s stock valued at $1,376,000 after acquiring an additional 700 shares in the last quarter. Legal & General Group Plc raised its stake in shares of LHC Group by 1.2% in the 1st quarter. Legal & General Group Plc now owns 25,087 shares of the health services provider’s stock valued at $1,353,000 after acquiring an additional 290 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of LHC Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 1,432,008 shares of the health services provider’s stock valued at $77,185,000 after acquiring an additional 54,279 shares in the last quarter. Iguana Healthcare Management LLC raised its stake in shares of LHC Group by 16.7% in the 1st quarter. Iguana Healthcare Management LLC now owns 35,000 shares of the health services provider’s stock valued at $1,887,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of LHC Group by 292.3% in the 1st quarter. Point72 Asset Management L.P. now owns 439,399 shares of the health services provider’s stock valued at $23,684,000 after acquiring an additional 327,399 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.
About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice 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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