Insider Selling: Joshua L. Proffitt Unloads 1,294 Shares of LHC Group Stock (LHCG)
LHC Group (NASDAQ:LHCG) EVP Joshua L. Proffitt sold 1,294 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $25.58, for a total transaction of $33,100.52. Following the completion of the sale, the executive vice president now directly owns 25,806 shares of the company’s stock, valued at approximately $660,117. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LHCG shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of LHC Group in a research note on Monday, August 11th. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks upgraded shares of LHC Group from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $26.40 price target on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of LHC Group from $25.00 to $28.00 in a research note on Monday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. LHC Group currently has an average rating of “Hold” and a consensus target price of $24.88.
LHC Group (NASDAQ:LHCG) traded up 0.16% during mid-day trading on Monday, hitting $25.49. 205,430 shares of the company’s stock traded hands. LHC Group has a one year low of $19.69 and a one year high of $25.84. The stock’s 50-day moving average is $22.77 and its 200-day moving average is $22.00. The company has a market cap of $453.4 million and a P/E ratio of 21.57.
LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, August 6th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.03. The company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $179.90 million. During the same quarter last year, the company posted $0.34 earnings per share. LHC Group’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that LHC Group will post $1.30 earnings per share for the current fiscal year.
LHC Group, Inc (NASDAQ:LHCG) provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals (LTACHs).
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