LHC Group Inc. (LHCG) CEO Keith G. Myers Sells 37,848 Shares
LHC Group Inc. (NASDAQ:LHCG) CEO Keith G. Myers sold 37,848 shares of LHC Group stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $43.69, for a total transaction of $1,653,579.12. Following the sale, the chief executive officer now directly owns 144,615 shares in the company, valued at approximately $6,318,229.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of LHC Group Inc. (NASDAQ:LHCG) traded down 0.44% on Thursday, reaching $43.05. 96,234 shares of the company were exchanged. The stock has a 50 day moving average price of $37.81 and a 200-day moving average price of $40.14. LHC Group Inc. has a 12 month low of $32.04 and a 12 month high of $48.10. The stock has a market capitalization of $782.52 billion, a P/E ratio of 69.44 and a beta of 0.98.
LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, November 2nd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.04. LHC Group had a net margin of 3.84% and a return on equity of 9.59%. The business earned $230 million during the quarter, compared to analysts’ expectations of $224.60 million. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. On average, equities analysts expect that LHC Group Inc. will post $2.07 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in LHC Group by 15.6% in the third quarter. BlackRock Fund Advisors now owns 1,133,153 shares of the company’s stock worth $41,791,000 after buying an additional 152,897 shares during the period. Dean Investment Associates LLC bought a new position in LHC Group during the third quarter worth approximately $3,246,000. Rothschild Asset Management Inc. boosted its position in LHC Group by 26.6% in the second quarter. Rothschild Asset Management Inc. now owns 371,297 shares of the company’s stock worth $16,070,000 after buying an additional 77,994 shares during the period. Iguana Healthcare Management LLC bought a new position in LHC Group during the third quarter worth approximately $2,397,000. Finally, Vanguard Group Inc. boosted its position in LHC Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,445,895 shares of the company’s stock worth $62,578,000 after buying an additional 57,246 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently 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. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $46.00 target price (down from $50.00) on shares of LHC Group in a research note on Tuesday, September 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.00.
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, 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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