Keith G. Myers Sells 7,214 Shares of LHC Group Inc. (LHCG) Stock
LHC Group Inc. (NASDAQ:LHCG) CEO Keith G. Myers sold 7,214 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $43.53, for a total transaction of $314,025.42. Following the transaction, the chief executive officer now owns 144,615 shares in the company, valued at $6,295,090.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of LHC Group Inc. (NASDAQ:LHCG) opened at 43.53 on Friday. The firm has a market cap of $791.20 million, a P/E ratio of 22.21 and a beta of 0.98. LHC Group Inc. has a 12 month low of $32.04 and a 12 month high of $48.10. The firm has a 50-day moving average of $38.66 and a 200 day moving average of $40.23.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The firm had revenue of $230 million for the quarter, compared to analysts’ expectations of $224.60 million. LHC Group had a return on equity of 9.59% and a net margin of 3.84%. LHC Group’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. On average, equities research analysts anticipate that LHC Group Inc. will post $2.07 EPS for the current fiscal year.
A number of 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 in the last quarter. Cortina Asset Management LLC raised its stake 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 last quarter. HBK Investments L P acquired a new stake in shares of LHC Group during the first quarter worth approximately $361,000. California State Teachers Retirement System raised its stake 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 last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of LHC Group during the second quarter worth approximately $612,000. 81.42% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. reiterated 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. Zacks Investment Research upgraded shares of 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target 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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