LHC Group Inc. (NASDAQ:LHCG)’s share price traded down 6.5% during mid-day trading on Thursday . The company traded as low as $40.92 and last traded at $41.77, with a volume of 167,592 shares changing hands. The stock had previously closed at $44.66.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised LHC Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Robert W. Baird reissued a “hold” rating on shares of LHC Group in a research report on Friday, May 6th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $50.00 price target on shares of LHC Group in a research report on Tuesday, May 17th. Finally, Stephens started coverage on LHC Group in a research report on Friday, June 17th. They set an “overweight” rating and a $55.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.29.

The company has a 50-day moving average price of $44.07 and a 200 day moving average price of $39.67. The company has a market capitalization of $759.31 million and a PE ratio of 22.17.

LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company had revenue of $226 million for the quarter, compared to analyst estimates of $221.09 million. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. Analysts anticipate that LHC Group Inc. will post $2.02 earnings per share for the current year.

In other LHC Group news, EVP Joshua L. Proffitt sold 5,444 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $42.65, for a total value of $232,186.60. Following the sale, the executive vice president now owns 47,817 shares of the company’s stock, valued at approximately $2,039,395.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keith G. Myers sold 21,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $41.16, for a total value of $864,360.00. Following the completion of the sale, the chief executive officer now directly owns 300,881 shares in the company, valued at approximately $12,384,261.96. The disclosure for this sale can be found here.

Other hedge funds have added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in LHC Group by 3.2% in the fourth quarter. Rhumbline Advisers now owns 22,217 shares of the company’s stock worth $1,006,000 after buying an additional 695 shares during the period. California State Teachers Retirement System raised its stake in LHC Group by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 24,059 shares of the company’s stock worth $1,090,000 after buying an additional 300 shares during the period. Victory Capital Management Inc. raised its stake in LHC Group by 15.2% in the fourth quarter. Victory Capital Management Inc. now owns 38,016 shares of the company’s stock worth $1,721,000 after buying an additional 5,010 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in LHC Group by 64.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 84,258 shares of the company’s stock worth $3,816,000 after buying an additional 32,958 shares during the period.

LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing 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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