Crossmark Global Holdings Inc. Has $308,000 Stake in LHC Group, Inc. (LHCG)

Crossmark Global Holdings Inc. boosted its stake in shares of LHC Group, Inc. (NASDAQ:LHCG) by 28.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,036 shares of the health services provider’s stock after acquiring an additional 1,103 shares during the period. Crossmark Global Holdings Inc.’s holdings in LHC Group were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stoneridge Investment Partners LLC purchased a new position in LHC Group during the fourth quarter valued at approximately $412,000. NorthCoast Asset Management LLC purchased a new position in LHC Group during the fourth quarter valued at approximately $1,285,000. Comerica Bank grew its position in LHC Group by 66.6% during the fourth quarter. Comerica Bank now owns 28,529 shares of the health services provider’s stock valued at $1,826,000 after purchasing an additional 11,404 shares in the last quarter. Bowling Portfolio Management LLC purchased a new position in LHC Group during the fourth quarter valued at approximately $805,000. Finally, Wasatch Advisors Inc. grew its position in LHC Group by 17.2% during the fourth quarter. Wasatch Advisors Inc. now owns 254,381 shares of the health services provider’s stock valued at $15,581,000 after purchasing an additional 37,241 shares in the last quarter. 83.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LHC Group, Inc. (LHCG) opened at $64.27 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $1,157.82, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.64 and a beta of 0.71. LHC Group, Inc. has a 1 year low of $47.29 and a 1 year high of $76.14.

LHCG has been the topic of a number of research analyst reports. ValuEngine downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Royal Bank of Canada boosted their price objective on shares of LHC Group from $70.00 to $81.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 price objective on shares of LHC Group in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Oppenheimer boosted their price objective on shares of LHC Group from $68.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $77.10.

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LHC Group Profile

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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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