LHC Group Director Coliseum Capital Management, L Sells 62,000 Shares (LHCG)
LHC Group (NASDAQ:LHCG) Director Coliseum Capital Management, L sold 62,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $25.32, for a total value of $1,569,840.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 equities research 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 currently has a consensus rating of “Hold” and an average price target of $24.88.
LHC Group (NASDAQ:LHCG) remained flat at $25.38 during 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 P/E ratio of 21.51.
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.
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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