Teachers Retirement System of The State of Kentucky boosted its position in LHC Group, Inc. (NASDAQ:LHCG) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,082 shares of the health services provider’s stock after purchasing an additional 1,220 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.13% of LHC Group worth $8,977,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in LHC Group during the fourth quarter worth $55,369,000. Sheets Smith Investment Management purchased a new position in LHC Group during the fourth quarter worth $1,626,000. Virtu Financial LLC purchased a new position in LHC Group during the fourth quarter worth $206,000. WCM Investment Management LLC increased its position in LHC Group by 0.3% during the fourth quarter. WCM Investment Management LLC now owns 54,784 shares of the health services provider’s stock worth $11,687,000 after buying an additional 151 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in LHC Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 99,373 shares of the health services provider’s stock worth $21,198,000 after buying an additional 2,782 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on LHCG shares. Credit Suisse Group started coverage on LHC Group in a research report on Monday, January 25th. They set an “outperform” rating and a $255.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price target on LHC Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, February 8th. They noted that the move was a valuation call. Truist raised their price target on LHC Group from $245.00 to $260.00 in a research report on Tuesday, January 5th. Finally, Zacks Investment Research cut LHC Group from a “hold” rating to a “sell” rating and set a $192.00 price objective on the stock. in a report on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. LHC Group presently has an average rating of “Buy” and an average target price of $229.11.
LHC Group (NASDAQ:LHCG) last issued its earnings results on Thursday, February 25th. The health services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.03. LHC Group had a return on equity of 9.71% and a net margin of 5.00%. The firm had revenue of $532.33 million for the quarter, compared to analysts’ expectations of $533.67 million. As a group, sell-side analysts predict that LHC Group, Inc. will post 5.01 EPS for the current year.
About LHC Group
LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. The company's Home Health Services segment offers home nursing services, including wound care and dressing changes, cardiac rehabilitation, infusion therapy, pain management, pharmaceutical administration, skilled observation and assessment, and patient education; medically-oriented social services; and physical, occupational, and speech therapy services.
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