Keith G. Myers Sells 44,897 Shares of LHC Group Inc. (LHCG) Stock
LHC Group Inc. (NASDAQ:LHCG) CEO Keith G. Myers sold 44,897 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $43.54, for a total value of $1,954,815.38. Following the transaction, the chief executive officer now directly owns 144,615 shares of the company’s stock, valued at approximately $6,296,537.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of LHC Group Inc. (NASDAQ:LHCG) opened at 43.53 on Friday. The company has a market cap of $791.20 million, a price-to-earnings ratio of 22.21 and a beta of 0.98. LHC Group Inc. has a 52-week low of $32.04 and a 52-week high of $48.10. The firm has a 50 day moving average price of $38.66 and a 200-day moving average price of $40.23.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate 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 earned $230 million during the quarter, compared to analyst estimates of $224.60 million. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts anticipate that LHC Group Inc. will post $2.07 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of LHCG. Cubist Systematic Strategies LLC raised its position in LHC Group by 12.0% in the second quarter. Cubist Systematic Strategies LLC now owns 2,357 shares of the company’s stock worth $102,000 after buying an additional 253 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of LHC Group during the second quarter worth about $110,000. Emerald Acquisition Ltd. acquired a new stake in shares of LHC Group during the third quarter worth about $114,000. BlackRock Inc. increased its stake in shares of LHC Group by 409.3% in the second quarter. BlackRock Inc. now owns 3,871 shares of the company’s stock worth $167,000 after buying an additional 3,111 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of LHC Group by 110.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,340 shares of the company’s stock worth $188,000 after buying an additional 2,282 shares during the period. 81.42% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised LHC Group from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, November 15th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $46.00 price objective (down previously from $50.00) on shares of LHC Group in a research report on Tuesday, September 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. LHC Group currently has a consensus rating of “Buy” and an average target price of $48.00.
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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.
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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