LHC Group (LHCG) Stock Rating Upgraded by BidaskClub
LHC Group (NASDAQ:LHCG) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
Other analysts also recently issued reports about the stock. Stephens set a $69.00 price target on shares of LHC Group and gave the company a “buy” rating in a report on Saturday, May 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 price target on shares of LHC Group in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of LHC Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $68.00 price target on shares of LHC Group in a report on Friday, August 4th. Finally, Benchmark Co. lifted their price target on shares of LHC Group from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 8th. Nine investment analysts have rated the stock with a buy rating, LHC Group presently has a consensus rating of “Buy” and an average target price of $65.75.
LHC Group (NASDAQ LHCG) traded up 0.70% on Friday, hitting $64.31. 97,793 shares of the stock were exchanged. LHC Group has a 12 month low of $32.04 and a 12 month high of $69.35. The firm has a market cap of $1.18 billion, a P/E ratio of 28.46 and a beta of 0.77. The company has a 50-day moving average of $63.27 and a 200 day moving average of $57.46.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The company had revenue of $260.20 million for the quarter, compared to the consensus estimate of $254.10 million. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. LHC Group’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts expect that LHC Group will post $2.39 earnings per share for the current fiscal year.
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In other LHC Group news, Director Coliseum Capital Management, L sold 14,450 shares of LHC Group stock in a transaction on Friday, June 16th. The shares were sold at an average price of $65.69, for a total value of $949,220.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Donald Dwayne Stelly sold 3,181 shares of LHC Group stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $64.97, for a total transaction of $206,669.57. Following the completion of the transaction, the chief operating officer now directly owns 114,235 shares of the company’s stock, valued at $7,421,847.95. The disclosure for this sale can be found here. Insiders sold a total of 546,207 shares of company stock valued at $33,813,733 over the last three months. Corporate insiders own 14.80% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA boosted its position in shares of LHC Group by 4.2% in the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after buying an additional 66 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of LHC Group by 30.8% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock worth $115,000 after buying an additional 400 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of LHC Group by 758.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after buying an additional 1,516 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of LHC Group during the second quarter worth approximately $147,000. Finally, Invictus RG acquired a new position in shares of LHC Group during the first quarter worth approximately $125,000. 84.95% of the stock is owned by institutional investors and hedge funds.
LHC Group Company Profile
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.
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