State of Tennessee Treasury Department Sells 10,834 Shares of LHC Group (LHCG)
State of Tennessee Treasury Department reduced its stake in LHC Group (NASDAQ:LHCG) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,198 shares of the health services provider’s stock after selling 10,834 shares during the period. State of Tennessee Treasury Department owned 0.32% of LHC Group worth $4,127,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Federated Investors Inc. PA boosted its position in shares of LHC Group by 4.2% in the 2nd quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after purchasing an additional 66 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of LHC Group by 30.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock worth $115,000 after purchasing an additional 400 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of LHC Group by 758.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after purchasing an additional 1,516 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of LHC Group in the 2nd quarter worth $147,000. Finally, State of Alaska Department of Revenue boosted its position in shares of LHC Group by 79.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,955 shares of the health services provider’s stock worth $200,000 after purchasing an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.
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LHC Group (LHCG) opened at $66.53 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $1,257.28, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. LHC Group has a twelve month low of $41.66 and a twelve month high of $76.14.
LHC Group (NASDAQ:LHCG) last posted its earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The firm had revenue of $272.90 million for the quarter, compared to analyst estimates of $265.35 million. LHC Group had a return on equity of 9.52% and a net margin of 4.09%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. equities analysts predict that LHC Group will post 2.4 EPS for the current year.
LHCG has been the topic of several recent research reports. SunTrust Banks, Inc. restated a “buy” rating and issued a $75.00 price target on shares of LHC Group in a research report on Friday, November 3rd. BidaskClub lowered LHC Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $68.00 price target on shares of LHC Group in a research report on Friday, August 4th. Robert W. Baird restated a “hold” rating and issued a $63.00 price target on shares of LHC Group in a research report on Tuesday, September 12th. Finally, Zacks Investment Research lowered LHC Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. LHC Group presently has an average rating of “Buy” and an average price target of $76.40.
In other LHC Group news, COO Donald Dwayne Stelly sold 2,650 shares of LHC Group stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total transaction of $173,151.00. Following the transaction, the chief operating officer now directly owns 109,235 shares in the company, valued at $7,137,414.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 14.80% of the company’s stock.
LHC Group 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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