Victory Capital Management Inc. bought a new stake in shares of LHC Group, Inc. (NASDAQ:LHCG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 380,790 shares of the health services provider’s stock, valued at approximately $42,215,000. Victory Capital Management Inc. owned 1.21% of LHC Group at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. boosted its holdings in LHC Group by 265.2% during the 4th quarter. Citigroup Inc. now owns 4,386 shares of the health services provider’s stock valued at $412,000 after acquiring an additional 3,185 shares during the period. Eqis Capital Management Inc. raised its position in LHC Group by 6.2% in the 4th quarter. Eqis Capital Management Inc. now owns 4,837 shares of the health services provider’s stock valued at $454,000 after purchasing an additional 281 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in LHC Group by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 6,350 shares of the health services provider’s stock valued at $704,000 after purchasing an additional 151 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in LHC Group in the 4th quarter valued at about $49,000. Finally, LPL Financial LLC raised its position in LHC Group by 39.7% in the 3rd quarter. LPL Financial LLC now owns 4,043 shares of the health services provider’s stock valued at $416,000 after purchasing an additional 1,149 shares in the last quarter. Institutional investors own 94.07% of the company’s stock.
Shares of LHCG stock traded up $3.29 during midday trading on Thursday, hitting $120.54. The company had a trading volume of 1,977 shares, compared to its average volume of 259,886. LHC Group, Inc. has a 52-week low of $73.09 and a 52-week high of $117.70. The company has a market capitalization of $3.59 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21.
LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, May 8th. The health services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.08. LHC Group had a return on equity of 8.43% and a net margin of 3.83%. The company had revenue of $502.59 million for the quarter, compared to the consensus estimate of $511.16 million. As a group, equities analysts predict that LHC Group, Inc. will post 4.3 earnings per share for the current fiscal year.
In related news, CEO Keith G. Myers sold 5,164 shares of LHC Group stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $108.75, for a total value of $561,585.00. Following the sale, the chief executive officer now directly owns 96,315 shares in the company, valued at $10,474,256.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Donald Dwayne Stelly sold 15,151 shares of LHC Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $107.06, for a total value of $1,622,066.06. Following the completion of the sale, the chief operating officer now owns 92,065 shares in the company, valued at $9,856,478.90. The disclosure for this sale can be found here. Insiders sold a total of 117,876 shares of company stock worth $12,762,540 over the last quarter. Company insiders own 5.20% of the company’s stock.
Several equities research analysts have recently weighed in on LHCG shares. BidaskClub lowered LHC Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 28th. Craig Hallum raised their target price on LHC Group from $93.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. SunTrust Banks raised their target price on LHC Group to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Robert W. Baird raised their target price on LHC Group from $98.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Barclays raised their target price on LHC Group from $95.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $118.50.
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LHC Group Profile
LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.
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