Louisiana State Employees Retirement System maintained its position in shares of LHC Group (NASDAQ:LHCG) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,100 shares of the health services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in LHC Group were worth $414,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Eqis Capital Management Inc. increased its position in shares of LHC Group by 0.8% in the first quarter. Eqis Capital Management Inc. now owns 6,486 shares of the health services provider’s stock worth $350,000 after buying an additional 53 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of LHC Group by 11.0% in the first quarter. Wedge Capital Management L L P NC now owns 7,315 shares of the health services provider’s stock worth $394,000 after buying an additional 726 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of LHC Group by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 21,439 shares of the health services provider’s stock worth $1,155,000 after buying an additional 931 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of LHC Group by 16.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 40,900 shares of the health services provider’s stock worth $2,205,000 after buying an additional 5,800 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of LHC Group by 34.5% in the first quarter. Wells Fargo & Company MN now owns 62,946 shares of the health services provider’s stock worth $3,393,000 after buying an additional 16,155 shares in the last quarter. 84.95% of the stock is currently owned by institutional investors and hedge funds.

LHC Group (LHCG) remained flat at $63.87 during midday trading on Monday. The company’s stock had a trading volume of 37,281 shares. LHC Group has a 12 month low of $32.04 and a 12 month high of $69.35. The stock has a market cap of $1.17 billion, a PE ratio of 28.26 and a beta of 0.77. The company’s 50 day moving average is $63.64 and its 200 day moving average is $56.84.

LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, August 2nd. The health services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.09. The firm had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $254.10 million. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. On average, analysts forecast that LHC Group will post $2.39 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on LHCG. Zacks Investment Research downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reissued a “buy” rating on shares of LHC Group in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 target price on shares of LHC Group in a research note on Friday, June 9th. BidaskClub downgraded shares of LHC Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Benchmark Co. raised their target price on shares of LHC Group from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $65.75.

In related news, Director Coliseum Capital Management, L sold 14,450 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $65.69, for a total transaction of $949,220.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Donald Dwayne Stelly sold 3,181 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $64.97, for a total transaction of $206,669.57. Following the transaction, the chief operating officer now owns 114,235 shares of the company’s stock, valued at $7,421,847.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 554,839 shares of company stock valued at $34,333,811. Corporate insiders own 14.80% of the company’s stock.

About LHC Group

LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice 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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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