LHC Group (LHCG) Earns Outperform Rating from Analysts at William Blair
William Blair began coverage on shares of LHC Group (NASDAQ:LHCG) in a research report issued on Tuesday. The brokerage set an “outperform” rating on the health services provider’s stock.
Several other research analysts also recently weighed in on LHCG. BidaskClub downgraded LHC Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded LHC Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and issued a $68.00 target price on shares of LHC Group in a research note on Friday, August 4th. Bank of America Corporation assumed coverage on LHC Group in a research note on Monday, August 21st. They issued a “buy” rating and a $76.00 target price for the company. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $70.00 target price on shares of LHC Group in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $76.90.
LHC Group (LHCG) traded down $1.13 during mid-day trading on Tuesday, hitting $66.52. The stock had a trading volume of 236,000 shares, compared to its average volume of 141,490. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $1,220.00, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70. LHC Group has a 12 month low of $41.66 and a 12 month high of $76.14.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $272.90 million during the quarter, compared to the consensus estimate of $265.35 million. LHC Group had a return on equity of 9.52% and a net margin of 4.09%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. analysts predict that LHC Group will post 2.4 EPS for the current fiscal year.
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In other LHC Group news, COO Donald Dwayne Stelly sold 2,650 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the sale, the chief operating officer now owns 109,235 shares of the company’s stock, valued at approximately $7,137,414.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 14.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its holdings in shares of LHC Group by 4,288.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,129 shares of the health services provider’s stock valued at $3,981,000 after acquiring an additional 54,850 shares in the last quarter. Algert Global LLC raised its holdings in shares of LHC Group by 32.2% in the 3rd quarter. Algert Global LLC now owns 48,543 shares of the health services provider’s stock valued at $3,443,000 after acquiring an additional 11,836 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of LHC Group by 26.7% in the 3rd quarter. California Public Employees Retirement System now owns 48,272 shares of the health services provider’s stock valued at $3,423,000 after acquiring an additional 10,172 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of LHC Group in the 3rd quarter valued at about $2,448,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of LHC Group in the 3rd quarter valued at about $2,155,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
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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