LHC Group (LHCG) Earns Hold Rating from Robert W. Baird
Robert W. Baird reaffirmed their hold rating on shares of LHC Group (NASDAQ:LHCG) in a research note released on Friday. The firm currently has a $69.00 price objective on the health services provider’s stock.
Several other research analysts also recently issued reports on LHCG. Royal Bank Of Canada reiterated a buy rating and set a $69.00 price target on shares of LHC Group in a research report on Tuesday, July 18th. BidaskClub cut LHC Group from a buy rating to a hold rating in a report on Tuesday, July 25th. Zacks Investment Research raised LHC Group from a hold rating to a buy rating and set a $67.00 price objective for the company in a report on Saturday, August 5th. Jefferies Group LLC reissued a buy rating and set a $68.00 price objective on shares of LHC Group in a report on Friday, August 4th. Finally, Bank of America Corporation began coverage on LHC Group in a report on Monday, August 21st. They set a buy rating and a $76.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $76.40.
LHC Group (NASDAQ:LHCG) opened at $67.81 on Friday. The stock has a market cap of $1,211.21, a PE ratio of 28.44, a P/E/G ratio of 1.96 and a beta of 0.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. LHC Group has a 52-week low of $41.66 and a 52-week high of $76.14.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The business had revenue of $272.90 million for the quarter, compared to the consensus estimate of $265.35 million. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. analysts forecast that LHC Group will post 2.4 earnings per share for the current year.
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In other news, COO Donald Dwayne Stelly sold 2,650 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the completion of the sale, the chief operating officer now directly owns 109,235 shares of the company’s stock, valued at approximately $7,137,414.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in LHCG. UBS Asset Management Americas Inc. bought a new stake in shares of LHC Group in the 1st quarter valued at about $248,000. Principal Financial Group Inc. increased its stake in LHC Group by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 113,707 shares of the health services provider’s stock worth $6,129,000 after purchasing an additional 3,983 shares in the last quarter. Legal & General Group Plc increased its stake in LHC Group by 1.2% during the 1st quarter. Legal & General Group Plc now owns 25,087 shares of the health services provider’s stock worth $1,353,000 after purchasing an additional 290 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in LHC Group by 4.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,380 shares of the health services provider’s stock worth $452,000 after purchasing an additional 330 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in LHC Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 1,432,008 shares of the health services provider’s stock worth $77,185,000 after purchasing an additional 54,279 shares in the last quarter. 87.29% of the stock is owned by institutional investors.
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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