LHC Group Inc. (LHCG) CEO Keith G. Myers Sells 15,652 Shares of Stock
LHC Group Inc. (NASDAQ:LHCG) CEO Keith G. Myers sold 15,652 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $43.64, for a total transaction of $683,053.28. Following the completion of the transaction, the chief executive officer now owns 144,615 shares of the company’s stock, valued at approximately $6,310,998.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of LHC Group Inc. (NASDAQ:LHCG) opened at 42.82 on Wednesday. LHC Group Inc. has a 52-week low of $32.04 and a 52-week high of $48.10. The firm has a market cap of $778.30 million, a P/E ratio of 21.85 and a beta of 0.98. The firm’s 50-day moving average is $39.09 and its 200-day moving average is $40.21.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. LHC Group had a return on equity of 9.59% and a net margin of 3.84%. The company earned $230 million during the quarter, compared to analyst estimates of $224.60 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. LHC Group’s revenue was up 13.1% on a year-over-year basis. Analysts anticipate that LHC Group Inc. will post $2.07 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in shares of LHC Group during the first quarter valued at approximately $585,000. Panagora Asset Management Inc. raised its position in shares of LHC Group by 11.7% in the first quarter. Panagora Asset Management Inc. now owns 126,873 shares of the company’s stock valued at $4,512,000 after buying an additional 13,249 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of LHC Group by 110.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,340 shares of the company’s stock valued at $188,000 after buying an additional 2,282 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of LHC Group by 114.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 60,938 shares of the company’s stock valued at $2,637,000 after buying an additional 32,522 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of LHC Group during the second quarter valued at approximately $358,000. 81.56% of the stock is owned by institutional investors.
A number of research firms have weighed in on LHCG. Zacks Investment Research raised shares of LHC Group from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday, November 15th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $46.00 target price (down previously from $50.00) on shares of LHC Group in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. LHC Group currently has a consensus rating of “Buy” and a consensus target price of $48.17.
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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