PRW Wealth Management LLC lowered its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,500 shares of the health services provider’s stock after selling 4,000 shares during the period. LHC Group accounts for 5.6% of PRW Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. PRW Wealth Management LLC owned about 0.13% of LHC Group worth $4,599,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Synovus Financial Corp grew its holdings in LHC Group by 130.8% in the third quarter. Synovus Financial Corp now owns 300 shares of the health services provider’s stock valued at $34,000 after purchasing an additional 170 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of LHC Group in the 2nd quarter valued at $39,000. Security National Trust Co. purchased a new stake in shares of LHC Group during the 2nd quarter valued at $120,000. Quest Capital Management Inc. ADV purchased a new stake in shares of LHC Group during the 3rd quarter valued at $147,000. Finally, BB&T Securities LLC acquired a new stake in shares of LHC Group during the 3rd quarter worth $204,000. Hedge funds and other institutional investors own 90.90% of the company’s stock.
A number of research firms have issued reports on LHCG. UBS Group boosted their price target on LHC Group from $133.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. BidaskClub downgraded LHC Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 17th. Barclays lifted their price objective on LHC Group from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Stephens started coverage on LHC Group in a report on Monday, October 21st. They set an “overweight” rating and a $132.00 target price for the company. Finally, Oppenheimer raised their price target on shares of LHC Group from $125.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. LHC Group has a consensus rating of “Buy” and an average target price of $130.18.
LHC Group stock traded up $0.93 during midday trading on Friday, hitting $126.36. 185,000 shares of the company were exchanged, compared to its average volume of 236,717. The company’s fifty day moving average price is $114.92 and its 200-day moving average price is $117.27. The company has a market cap of $3.91 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.59. LHC Group, Inc. has a fifty-two week low of $88.18 and a fifty-two week high of $136.67.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data on Wednesday, November 6th. The health services provider reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.18. The company had revenue of $528.50 million during the quarter, compared to the consensus estimate of $534.15 million. LHC Group had a net margin of 4.20% and a return on equity of 8.83%. LHC Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. On average, analysts expect that LHC Group, Inc. will post 4.34 EPS for the current fiscal year.
About LHC Group
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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