LHC Group CEO Sells $1,959,301 in Stock (LHCG)
LHC Group (NASDAQ:LHCG) CEO Keith G. Myers sold 77,351 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $25.33, for a total value of $1,959,300.83. Following the sale, the chief executive officer now directly owns 260,218 shares in the company, valued at approximately $6,591,322. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of LHC Group (NASDAQ:LHCG) remained flat at $25.38 during during mid-day trading trading on Friday. 1,640 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 has a 50-day moving average of $23.07 and a 200-day moving average of $22.06. The company has a market cap of $451.5 million and a price-to-earnings ratio of 21.51.
LHC Group (NASDAQ:LHCG) last posted its quarterly 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 given a hold rating and three have given a buy rating to the stock. LHC Group has a consensus 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.