LHC Group CEO Sells $1,232,142 in Stock (LHCG)
LHC Group (NASDAQ:LHCG) CEO Keith G. Myers sold 48,018 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $25.66, for a total value of $1,232,141.88. Following the sale, the chief executive officer now directly owns 239,821 shares in the company, valued at approximately $6,153,807. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of LHC Group (NASDAQ:LHCG) traded up 0.04% during mid-day trading on Wednesday, hitting $25.77. 71,408 shares of the company’s stock traded hands. LHC Group has a 52 week low of $19.69 and a 52 week high of $26.00. The stock’s 50-day moving average is $23.39 and its 200-day moving average is $22.11. The company has a market cap of $458.4 million and a price-to-earnings ratio of 21.83.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data 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. 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 analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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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