LHC Group (LHCG) Rating Reiterated by Robert W. Baird
Robert W. Baird reiterated their hold rating on shares of LHC Group (NASDAQ:LHCG) in a report released on Tuesday. Robert W. Baird currently has a $63.00 price objective on the health services provider’s stock.
Several other research firms have also recently commented on LHCG. Zacks Investment Research cut LHC Group from a buy rating to a hold rating in a research report on Thursday, July 6th. Royal Bank Of Canada restated a buy rating and set a $70.00 target price on shares of LHC Group in a research report on Wednesday, September 6th. Jefferies Group LLC restated a buy rating and set a $65.00 target price on shares of LHC Group in a research report on Friday, June 9th. BidaskClub cut LHC Group from a strong-buy rating to a buy rating in a research report on Wednesday, July 12th. Finally, Bank of America Corporation began coverage on LHC Group in a research report on Monday, August 21st. They set a buy rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $66.60.
LHC Group (NASDAQ:LHCG) traded up 1.17% during mid-day trading on Tuesday, reaching $65.57. The company had a trading volume of 419,301 shares. LHC Group has a 12-month low of $32.04 and a 12-month high of $69.35. The stock has a market capitalization of $1.20 billion, a P/E ratio of 29.01 and a beta of 0.76. The stock has a 50 day moving average price of $63.46 and a 200-day moving average price of $59.66.
LHC Group (NASDAQ:LHCG) last posted its earnings results on Wednesday, August 2nd. The health services provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.09. LHC Group had a return on equity of 9.62% and a net margin of 4.13%. The business had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $254.10 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Equities analysts anticipate that LHC Group will post $2.39 EPS for the current fiscal year.
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In other news, COO Donald Dwayne Stelly sold 2,650 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the completion of the transaction, the chief operating officer now directly owns 109,235 shares in the company, valued at approximately $7,137,414.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA boosted its holdings in LHC Group by 4.2% during the 2nd quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock valued at $110,000 after acquiring an additional 66 shares during the period. Acrospire Investment Management LLC boosted its holdings in LHC Group by 30.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock valued at $115,000 after acquiring an additional 400 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in LHC Group by 758.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock valued at $116,000 after acquiring an additional 1,516 shares during the period. Invictus RG purchased a new stake in LHC Group during the 1st quarter valued at about $125,000. Finally, US Bancorp DE boosted its holdings in LHC Group by 25.1% during the 1st quarter. US Bancorp DE now owns 2,683 shares of the health services provider’s stock valued at $145,000 after acquiring an additional 539 shares during the period. Institutional investors own 85.93% of the company’s stock.
LHC Group Company Profile
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice 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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