LHC Group Inc. (NASDAQ:LHCG) – Equities researchers at SunTrust Banks dropped their Q1 2017 earnings per share estimates for shares of LHC Group in a research report issued to clients and investors on Monday. SunTrust Banks analyst D. Macdonald now anticipates that the firm will post earnings of $0.44 per share for the quarter, down from their prior estimate of $0.48. SunTrust Banks also issued estimates for LHC Group’s Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.55 EPS and FY2017 earnings at $1.98 EPS.

LHCG has been the topic of several other reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $46.00 price objective (down from $50.00) on shares of LHC Group in a research report on Tuesday, September 13th. Zacks Investment Research lowered shares of LHC Group from a “buy” rating to a “sell” rating in a research report on Tuesday, August 9th. Finally, Stephens started coverage on shares of LHC Group in a research report on Friday, June 17th. They issued an “overweight” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.71.

Shares of LHC Group (NASDAQ:LHCG) traded down 2.41% during midday trading on Tuesday, hitting $35.71. 28,363 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $37.82 and its 200 day moving average price is $39.87. LHC Group has a one year low of $32.77 and a one year high of $50.68. The firm has a market cap of $648.24 million, a PE ratio of 18.70 and a beta of 0.78.

LHC Group (NASDAQ:LHCG) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. LHC Group had a net margin of 3.87% and a return on equity of 9.64%. The business earned $226 million during the quarter, compared to analysts’ expectations of $221.09 million. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis.

In other news, Director Kenneth E. Thorpe sold 1,450 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $36.88, for a total transaction of $53,476.00. Following the transaction, the director now directly owns 17,550 shares in the company, valued at approximately $647,244. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cortina Asset Management LLC raised its position in shares of LHC Group by 10.4% in the second quarter. Cortina Asset Management LLC now owns 515,183 shares of the company’s stock valued at $22,297,000 after buying an additional 48,645 shares during the last quarter. HBK Investments L P bought a new position in shares of LHC Group during the first quarter valued at $361,000. Norges Bank bought a new position in shares of LHC Group during the fourth quarter valued at $11,656,000. Kennedy Capital Management Inc. raised its position in shares of LHC Group by 22.6% in the first quarter. Kennedy Capital Management Inc. now owns 62,327 shares of the company’s stock valued at $2,216,000 after buying an additional 11,500 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of LHC Group by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock valued at $251,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.

About LHC Group

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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