LHC Group Inc. (LHCG) CEO Keith G. Myers Sells 18,423 Shares of Stock
LHC Group Inc. (NASDAQ:LHCG) CEO Keith G. Myers sold 18,423 shares of LHC Group stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $43.54, for a total value of $802,137.42. Following the completion of the sale, the chief executive officer now owns 144,615 shares in the company, valued at $6,296,537.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
LHC Group Inc. (NASDAQ:LHCG) remained flat at $43.53 during mid-day trading on Thursday. 93,075 shares of the company traded hands. The firm’s 50 day moving average is $38.66 and its 200 day moving average is $40.23. 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 $791.20 million, a P/E ratio of 22.21 and a beta of 0.98.
LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, November 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company earned $230 million during the quarter, compared to analysts’ expectations of $224.60 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts predict that LHC Group Inc. will post $2.07 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of LHCG. Nationwide Fund Advisors boosted its position in shares of LHC Group by 5.3% in the second quarter. Nationwide Fund Advisors now owns 24,509 shares of the company’s stock worth $1,061,000 after buying an additional 1,239 shares during the period. Cortina Asset Management LLC boosted its position in shares of LHC Group by 10.4% in the second quarter. Cortina Asset Management LLC now owns 515,183 shares of the company’s stock worth $22,297,000 after buying an additional 48,645 shares during the period. HBK Investments L P bought a new position in shares of LHC Group during the first quarter worth about $361,000. California State Teachers Retirement System boosted its position in shares of LHC Group by 13.9% in the second quarter. California State Teachers Retirement System now owns 31,425 shares of the company’s stock worth $1,360,000 after buying an additional 3,839 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of LHC Group during the second quarter worth about $612,000. 81.42% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on LHCG shares. Zacks Investment Research cut LHC Group from a “buy” rating to a “sell” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $46.00 target price (down from $50.00) on shares of LHC Group in a report on Tuesday, September 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. LHC Group has an average rating of “Buy” and an average price target of $48.00.
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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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