Insider Selling: Keith G. Myers Unloads 77,351 Shares of LHC Group Stock (LHCG)
LHC Group (NASDAQ:LHCG) CEO Keith G. Myers sold 77,351 shares of LHC Group stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $25.33, for a total transaction of $1,959,300.83. Following the completion of the sale, the chief executive officer now directly owns 260,218 shares of the company’s stock, valued at approximately $6,591,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.88.
LHC Group (NASDAQ:LHCG) traded down 0.20% on Wednesday, hitting $25.25. 148,117 shares of the company’s stock traded hands. LHC Group has a 52 week low of $19.69 and a 52 week high of $25.84. The stock’s 50-day moving average is $22.99 and its 200-day moving average is $22.0. The company has a market cap of $449.2 million and a P/E ratio of 21.44.
LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, August 6th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. 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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