LHC Group Director Sells $4,045,082 in Stock (LHCG)
LHC Group (NASDAQ:LHCG) Director Coliseum Capital Management, L sold 158,011 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 $25.60, for a total value of $4,045,081.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LHC Group (NASDAQ:LHCG) remained flat at $25.38 during during mid-day trading trading on Friday. The stock had a trading volume of 1,640 shares. LHC Group has a 52 week low of $19.69 and a 52 week 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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. LHC Group’s revenue was up 13.6% compared to the same quarter last year. 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 issued a hold rating and three have given a buy rating to the company. LHC Group has a consensus rating of “Hold” and an average 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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