Insider Selling: LHC Group Director Unloads 62,000 Shares of Stock (LHCG)
LHC Group (NASDAQ:LHCG) Director Coliseum Capital Management, L sold 62,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $25.32, for a total transaction of $1,569,840.00. The sale was disclosed in a filing with the SEC, which is available at this link.
LHC Group (NASDAQ:LHCG) traded down 0.20% during mid-day trading on Wednesday, hitting $25.25. The stock had a trading volume of 148,117 shares. LHC Group has a 1-year low of $19.69 and a 1-year 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 price-to-earnings ratio of 21.44.
LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts expect that LHC Group will post $1.30 EPS for the current fiscal year.
LHCG has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.88.
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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