LHC Group Inc. (LHCG) Receives Consensus Recommendation of “Buy” from Analysts
LHC Group Inc. (NASDAQ:LHCG) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $48.00.
Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded LHC Group from a “buy” rating to a “sell” rating in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. reaffirmed 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.
In related news, COO Donald Dwayne Stelly sold 2,651 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $41.54, for a total value of $110,122.54. Following the completion of the transaction, the chief operating officer now directly owns 119,216 shares of the company’s stock, valued at approximately $4,952,232.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joshua L. Proffitt sold 2,098 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $41.80, for a total value of $87,696.40. Following the completion of the transaction, the insider now directly owns 64,717 shares of the company’s stock, valued at $2,705,170.60. The disclosure for this sale can be found here. 18.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dean Investment Associates LLC purchased a new position in LHC Group during the third quarter valued at approximately $3,246,000. Panagora Asset Management Inc. increased its position in LHC Group by 27.5% in the third quarter. Panagora Asset Management Inc. now owns 142,522 shares of the company’s stock valued at $5,256,000 after buying an additional 30,745 shares in the last quarter. Iguana Healthcare Management LLC purchased a new position in LHC Group during the third quarter valued at approximately $2,397,000. The Manufacturers Life Insurance Company purchased a new position in LHC Group during the third quarter valued at approximately $381,000. Finally, Citadel Advisors LLC purchased a new position in LHC Group during the third quarter valued at approximately $392,000. 81.42% of the stock is owned by hedge funds and other institutional investors.
LHC Group (NASDAQ:LHCG) traded up 0.241% during midday trading on Monday, reaching $43.605. 71,613 shares of the company’s stock were exchanged. LHC Group has a 12-month low of $32.04 and a 12-month high of $48.10. The firm has a 50-day moving average price of $37.96 and a 200 day moving average price of $40.16. The company has a market cap of $792.56 million, a price-to-earnings ratio of 22.247 and a beta of 0.98.
LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, November 2nd. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business earned $230 million during the quarter, compared to the consensus estimate of $224.60 million. LHC Group had a return on equity of 9.59% and a net margin of 3.84%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. On average, analysts expect that LHC Group will post $2.07 EPS for the current fiscal year.
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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