3,225 Shares in LHC Group (LHCG) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC purchased a new position in shares of LHC Group (NASDAQ:LHCG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,225 shares of the health services provider’s stock, valued at approximately $219,000.
Other institutional investors have also bought and sold shares of the company. Federated Investors Inc. PA boosted its stake in shares of LHC Group by 4.2% during the 2nd quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after buying an additional 66 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of LHC Group by 30.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock valued at $115,000 after acquiring an additional 400 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of LHC Group in the second quarter valued at about $147,000. Invictus RG acquired a new stake in shares of LHC Group in the first quarter valued at about $125,000. Finally, US Bancorp DE increased its position in shares of LHC Group by 25.1% in the first quarter. US Bancorp DE now owns 2,683 shares of the health services provider’s stock valued at $145,000 after acquiring an additional 539 shares during the last quarter. Institutional investors own 85.93% of the company’s stock.
LHC Group (LHCG) opened at 72.00 on Tuesday. The company’s 50-day moving average price is $65.43 and its 200-day moving average price is $61.21. LHC Group has a 12-month low of $32.04 and a 12-month high of $72.80. The company has a market cap of $1.32 billion, a PE ratio of 31.86 and a beta of 0.76.
LHC Group (NASDAQ:LHCG) last released its quarterly earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.09. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The business had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $254.10 million. During the same period in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities analysts anticipate that LHC Group will post $2.39 earnings per share for the current year.
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Several research firms recently issued reports on LHCG. Zacks Investment Research lowered LHC Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and issued a $69.00 price target on shares of LHC Group in a research note on Tuesday, July 18th. BidaskClub downgraded LHC Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Robert W. Baird reaffirmed a “hold” rating and set a $63.00 price target on shares of LHC Group in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $68.00 price target on shares of LHC Group in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. LHC Group presently has an average rating of “Buy” and an average target price of $66.60.
In other news, COO Donald Dwayne Stelly sold 2,650 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the transaction, the chief operating officer now owns 109,235 shares in the company, valued at approximately $7,137,414.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.80% of the company’s stock.
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, 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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