Keith G. Myers Sells 15,652 Shares of LHC Group Inc. (LHCG) Stock
LHC Group Inc. (NASDAQ:LHCG) CEO Keith G. Myers sold 15,652 shares of LHC Group stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $43.64, for a total transaction of $683,053.28. Following the completion of the sale, the chief executive officer now owns 144,615 shares of the company’s stock, valued at $6,310,998.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of LHC Group Inc. (NASDAQ:LHCG) traded down 1.86% during mid-day trading on Tuesday, hitting $42.82. 162,443 shares of the stock were exchanged. The firm has a 50-day moving average price of $39.09 and a 200 day moving average price of $40.21. The company has a market capitalization of $778.30 million, a PE ratio of 21.85 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.
LHC Group (NASDAQ:LHCG) last posted its earnings results on Wednesday, November 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 business earned $230 million during the quarter, compared to analysts’ expectations of $224.60 million. During the same period in the prior year, the business earned $0.50 EPS. LHC Group’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that LHC Group Inc. will post $2.07 earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the company. Dean Investment Associates LLC acquired a new stake in LHC Group during the third quarter worth about $3,246,000. Panagora Asset Management Inc. boosted its stake in LHC Group by 27.5% in the third quarter. Panagora Asset Management Inc. now owns 142,522 shares of the company’s stock worth $5,256,000 after buying an additional 30,745 shares during the last quarter. Iguana Healthcare Management LLC acquired a new stake in LHC Group during the third quarter worth about $2,397,000. The Manufacturers Life Insurance Company acquired a new stake in LHC Group during the third quarter worth about $381,000. Finally, Citadel Advisors LLC acquired a new stake in LHC Group during the third quarter worth about $392,000. 81.56% of the stock is owned by institutional investors and hedge funds.
LHCG has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of LHC Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $46.00 target price (down from $50.00) on shares of LHC Group in a research note on Tuesday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.17.
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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