LHC Group EVP Joshua L. Proffitt Sells 1,294 Shares (LHCG)
LHC Group (NASDAQ:LHCG) EVP Joshua L. Proffitt sold 1,294 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $25.58, for a total transaction of $33,100.52. Following the sale, the executive vice president now directly owns 25,806 shares in the company, valued at approximately $660,117. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
LHC Group (NASDAQ:LHCG) remained flat at $25.30 during trading on Wednesday. 133,211 shares of the company’s stock traded hands. 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. and its 200-day moving average is $22.02. The company has a market cap of $450.1 million and a P/E ratio of 21.44.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data 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.
Several analysts have recently commented on the stock. 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 given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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