Coliseum Capital Management, L Sells 45,776 Shares of LHC Group Inc. (LHCG) Stock
LHC Group Inc. (NASDAQ:LHCG) Director Coliseum Capital Management, L sold 45,776 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $43.19, for a total value of $1,977,065.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
LHC Group Inc. (NASDAQ:LHCG) opened at 43.41 on Tuesday. The stock has a market capitalization of $789.02 million, a P/E ratio of 22.15 and a beta of 0.98. LHC Group Inc. has a one year low of $32.04 and a one year high of $48.10. The stock has a 50 day moving average price of $38.30 and a 200-day moving average price of $40.20.
LHC Group (NASDAQ:LHCG) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. LHC Group had a return on equity of 9.59% and a net margin of 3.84%. The firm had revenue of $230 million for the quarter, compared to analysts’ expectations of $224.60 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts anticipate that LHC Group Inc. will post $2.07 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LHCG. TIAA CREF Investment Management LLC boosted its position in LHC Group by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 124,879 shares of the company’s stock worth $4,441,000 after buying an additional 12,273 shares in the last quarter. HBK Investments L P purchased a new position in LHC Group during the first quarter worth approximately $361,000. Kennedy Capital Management Inc. boosted its position in LHC Group by 22.6% in the first quarter. Kennedy Capital Management Inc. now owns 62,327 shares of the company’s stock worth $2,216,000 after buying an additional 11,500 shares during the period. A.R.T. Advisors LLC purchased a new position in LHC Group during the first quarter worth approximately $585,000. Finally, Panagora Asset Management Inc. boosted its position in LHC Group by 11.7% in the first quarter. Panagora Asset Management Inc. now owns 126,873 shares of the company’s stock worth $4,512,000 after buying an additional 13,249 shares during the period. Hedge funds and other institutional investors own 81.42% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research upgraded LHC Group from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, November 15th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $46.00 price objective (down from $50.00) on shares of LHC Group in a report on Tuesday, September 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.00.
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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