GW&K Investment Management LLC raised its stake in shares of LHC Group, Inc. (NASDAQ:LHCG) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 349,817 shares of the health services provider’s stock after acquiring an additional 40,100 shares during the period. GW&K Investment Management LLC owned approximately 1.11% of LHC Group worth $39,725,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of LHCG. Synovus Financial Corp raised its stake in LHC Group by 130.8% during the 3rd quarter. Synovus Financial Corp now owns 300 shares of the health services provider’s stock valued at $34,000 after acquiring an additional 170 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in LHC Group during the 2nd quarter worth approximately $39,000. Security National Trust Co. acquired a new position in LHC Group during the 2nd quarter worth approximately $120,000. Quest Capital Management Inc. ADV acquired a new position in LHC Group during the 3rd quarter worth approximately $147,000. Finally, BB&T Securities LLC acquired a new position in LHC Group during the 3rd quarter worth approximately $204,000. 90.90% of the stock is owned by hedge funds and other institutional investors.
Shares of LHCG traded up $0.93 on Friday, reaching $126.36. The stock had a trading volume of 185,000 shares, compared to its average volume of 236,717. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.91 billion, a PE ratio of 35.59, a PEG ratio of 2.05 and a beta of 0.79. The firm has a 50-day moving average of $115.07 and a 200 day moving average of $117.39. LHC Group, Inc. has a twelve month low of $88.18 and a twelve month high of $136.67.
LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, November 6th. The health services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. LHC Group had a return on equity of 8.83% and a net margin of 4.20%. The business had revenue of $528.50 million for the quarter, compared to analyst estimates of $534.15 million. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that LHC Group, Inc. will post 4.34 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. UBS Group boosted their target price on LHC Group from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Barclays boosted their target price on LHC Group from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. ValuEngine cut LHC Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Stephens assumed coverage on LHC Group in a research report on Monday, October 21st. They set an “overweight” rating and a $132.00 target price on the stock. Finally, BidaskClub cut LHC Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $130.18.
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.
See Also: Buy-Side Analysts
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