LHC Group Inc. (LHCG) Sees Strong Trading Volume
LHC Group Inc. (NASDAQ:LHCG) shares saw unusually-strong trading volume on Wednesday . Approximately 268,024 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 154,739 shares.The stock last traded at $35.56 and had previously closed at $36.40.
Several equities research analysts recently issued reports on LHCG shares. Robert W. Baird reiterated a “hold” rating on shares of LHC Group in a research note on Friday, May 6th. Zacks Investment Research upgraded shares of LHC Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $50.00 target price on shares of LHC Group in a research note on Tuesday, May 17th. Finally, Stephens started coverage on shares of LHC Group in a report on Friday, June 17th. They issued an “overweight” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.29.
The firm has a market cap of $645.52 million and a P/E ratio of 18.62. The company has a 50-day moving average of $41.24 and a 200 day moving average of $39.84.
LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company earned $226 million during the quarter, compared to analysts’ expectations of $221.09 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. Equities analysts predict that LHC Group Inc. will post $1.99 EPS for the current fiscal year.
In related news, EVP Joshua L. Proffitt sold 5,444 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $42.65, for a total transaction of $232,186.60. Following the sale, the executive vice president now directly owns 47,817 shares in the company, valued at approximately $2,039,395.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Coliseum Capital Management, L sold 140,000 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $43.64, for a total transaction of $6,109,600.00. The disclosure for this sale can be found here.
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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