State of Tennessee Treasury Department raised its stake in LHC Group, Inc. (NASDAQ:LHCG) by 6.0% in the 4th quarter, HoldingsChannel reports. The firm owned 18,477 shares of the health services provider’s stock after acquiring an additional 1,050 shares during the quarter. State of Tennessee Treasury Department’s holdings in LHC Group were worth $1,735,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new position in shares of LHC Group during the fourth quarter valued at about $49,000. Private Capital Group LLC grew its holdings in shares of LHC Group by 60.2% during the fourth quarter. Private Capital Group LLC now owns 897 shares of the health services provider’s stock valued at $84,000 after buying an additional 337 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of LHC Group during the third quarter valued at about $117,000. Almanack Investment Partners LLC. acquired a new position in shares of LHC Group during the third quarter valued at about $193,000. Finally, Quantamental Technologies LLC acquired a new position in shares of LHC Group during the fourth quarter valued at about $182,000. 91.72% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Donald Dwayne Stelly sold 15,151 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $107.06, for a total transaction of $1,622,066.06. Following the transaction, the chief operating officer now directly owns 92,065 shares in the company, valued at $9,856,478.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Keith G. Myers sold 6,790 shares of the business’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $95.01, for a total transaction of $645,117.90. Following the transaction, the chief executive officer now owns 155,475 shares in the company, valued at $14,771,679.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 257,944 shares of company stock worth $26,570,216. 6.80% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on LHCG. Robert W. Baird lifted their price objective on shares of LHC Group from $98.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 4th. SunTrust Banks lifted their price objective on shares of LHC Group to $130.00 and gave the company a “buy” rating in a report on Friday, March 1st. Craig Hallum lifted their price objective on shares of LHC Group from $93.00 to $114.00 and gave the company a “hold” rating in a report on Friday, March 1st. They noted that the move was a valuation call. BidaskClub cut shares of LHC Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of LHC Group from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Wednesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. LHC Group currently has a consensus rating of “Buy” and an average target price of $113.33.
Shares of NASDAQ LHCG traded up $0.33 during mid-day trading on Friday, reaching $111.93. 86,514 shares of the company’s stock traded hands, compared to its average volume of 257,683. The stock has a market capitalization of $3.50 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.55 and a beta of 0.91. LHC Group, Inc. has a 1-year low of $59.21 and a 1-year high of $114.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.78.
LHC Group (NASDAQ:LHCG) last released its quarterly earnings results on Wednesday, February 27th. The health services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. LHC Group had a net margin of 3.50% and a return on equity of 8.40%. The business had revenue of $509.80 million for the quarter, compared to analysts’ expectations of $522.21 million. During the same period in the previous year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 75.1% compared to the same quarter last year. As a group, equities research analysts anticipate that LHC Group, Inc. will post 4.2 earnings per share for the current fiscal year.
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LHC Group Profile
LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Community-Based Services and Facility-Based Services.
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