LHC Group Inc. (LHCG) Rating Increased to Hold at Zacks Investment Research
LHC Group Inc. (NASDAQ:LHCG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “LHC Group provides post-acute healthcare services primarily to Medicare beneficiaries in rural markets in the southern United States. They provide home-based services through their home nursing agencies and hospices and facility-based services through their long-term acute care hospitals and outpatient rehabilitation clinics. “
LHCG has been the subject of several other research reports. Oppenheimer Holdings Inc. restated 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. Stephens assumed coverage on LHC Group in a research report on Friday, June 17th. They set an “overweight” rating and a $55.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.71.
LHC Group (NASDAQ:LHCG) opened at 37.16 on Wednesday. The firm has a market cap of $674.57 million, a P/E ratio of 19.46 and a beta of 0.64. The stock’s 50 day moving average price is $36.63 and its 200 day moving average price is $39.99. LHC Group has a 1-year low of $32.77 and a 1-year high of $49.34.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. LHC Group had a return on equity of 9.64% and a net margin of 3.87%. The company had revenue of $226 million for the quarter, compared to analyst estimates of $221.09 million. During the same quarter last year, the firm earned $0.51 EPS. LHC Group’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts predict that LHC Group will post $1.99 EPS for the current year.
In other LHC Group news, Director Kenneth E. Thorpe sold 1,450 shares of LHC Group stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $36.88, for a total value of $53,476.00. Following the completion of the transaction, the director now owns 17,550 shares in the company, valued at approximately $647,244. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 18.30% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased 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. Arizona State Retirement System increased its position in shares of LHC Group by 3.1% in the first quarter. Arizona State Retirement System now owns 6,618 shares of the company’s stock valued at $235,000 after buying an additional 200 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of LHC Group by 12.0% in the second quarter. Cubist Systematic Strategies LLC now owns 2,357 shares of the company’s stock valued at $102,000 after buying an additional 253 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of LHC Group by 7.2% in the second quarter. Thrivent Financial for Lutherans now owns 6,390 shares of the company’s stock valued at $277,000 after buying an additional 430 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in shares of LHC Group by 21.7% in the first quarter. Picton Mahoney Asset Management now owns 2,800 shares of the company’s stock valued at $100,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors 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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