Bessemer Group Inc. lessened its stake in shares of LHC Group, Inc. (NASDAQ:LHCG) by 25.5% in the 4th quarter, HoldingsChannel reports. The fund owned 15,200 shares of the health services provider’s stock after selling 5,200 shares during the period. Bessemer Group Inc.’s holdings in LHC Group were worth $931,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its stake in shares of LHC Group by 758.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after acquiring an additional 1,516 shares in the last quarter. SG Americas Securities LLC bought a new stake in LHC Group during the 3rd quarter valued at approximately $163,000. Piedmont Investment Advisors LLC bought a new stake in LHC Group during the 2nd quarter valued at approximately $220,000. Quantitative Systematic Strategies LLC bought a new stake in LHC Group during the 3rd quarter valued at approximately $240,000. Finally, Nine Chapters Capital Management LLC bought a new stake in LHC Group during the 3rd quarter valued at approximately $255,000. Institutional investors own 85.74% of the company’s stock.
Shares of LHC Group, Inc. (NASDAQ:LHCG) opened at $63.56 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $1,148.47, a P/E ratio of 27.40, a P/E/G ratio of 1.68 and a beta of 0.71. LHC Group, Inc. has a 52 week low of $46.18 and a 52 week high of $76.14.
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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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