Heritage Wealth Management LLC increased its position in LHC Group, Inc. (NASDAQ:LHCG) by 55.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307 shares of the health services provider’s stock after buying an additional 109 shares during the quarter. Heritage Wealth Management LLC’s holdings in LHC Group were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its position in LHC Group by 568.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 234 shares of the health services provider’s stock worth $47,000 after buying an additional 199 shares during the last quarter. Van ECK Associates Corp purchased a new position in LHC Group in the 2nd quarter worth approximately $74,000. Credit Agricole S A purchased a new position in LHC Group in the 1st quarter worth approximately $108,000. Synovus Financial Corp increased its stake in LHC Group by 8.2% in the 1st quarter. Synovus Financial Corp now owns 1,060 shares of the health services provider’s stock worth $203,000 after purchasing an additional 80 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in LHC Group in the 2nd quarter worth approximately $206,000. Institutional investors own 92.14% of the company’s stock.
Several equities analysts have recently issued reports on the company. Cowen assumed coverage on LHC Group in a research note on Thursday, September 9th. They set an “outperform” rating and a $209.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on LHC Group from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday. Credit Suisse Group reduced their target price on LHC Group from $255.00 to $252.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 10th. Barclays cut LHC Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $245.00 to $207.00 in a research note on Thursday, August 12th. Finally, UBS Group started coverage on LHC Group in a research report on Thursday. They set a “neutral” rating and a $170.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $227.22.
LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, August 4th. The health services provider reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.07. LHC Group had a return on equity of 11.66% and a net margin of 5.49%. The business had revenue of $545.91 million for the quarter, compared to the consensus estimate of $547.93 million. During the same period in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts expect that LHC Group, Inc. will post 6.45 EPS for the current fiscal year.
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, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.
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