LHC Group (NASDAQ:LHCG) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

LHCG has been the subject of a number of other research reports. Oppenheimer boosted their price target on LHC Group from $68.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 price target on shares of LHC Group in a research note on Wednesday, September 6th. Jefferies Group boosted their price target on LHC Group from $68.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded LHC Group from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Robert W. Baird set a $71.00 price target on LHC Group and gave the company a “hold” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $77.10.

Shares of LHC Group (LHCG) traded up $0.01 during trading on Thursday, hitting $63.91. 326,390 shares of the stock were exchanged, compared to its average volume of 148,853. The company has a market capitalization of $1,150.85, a PE ratio of 27.02, a PEG ratio of 1.87 and a beta of 0.69. LHC Group has a 52 week low of $41.66 and a 52 week high of $76.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.

LHC Group (NASDAQ:LHCG) last announced its earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $265.35 million. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. LHC Group’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. equities analysts anticipate that LHC Group will post 2.4 EPS for the current year.

In other news, COO Donald Dwayne Stelly sold 2,650 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total transaction of $173,151.00. Following the sale, the chief operating officer now directly owns 109,235 shares in the company, valued at $7,137,414.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 14.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in LHC Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,449 shares of the health services provider’s stock valued at $641,000 after acquiring an additional 24 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in LHC Group by 4.2% in the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock valued at $110,000 after acquiring an additional 66 shares during the last quarter. Arizona State Retirement System boosted its holdings in LHC Group by 1.3% in the second quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock valued at $531,000 after acquiring an additional 100 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in LHC Group by 0.3% in the second quarter. Victory Capital Management Inc. now owns 48,920 shares of the health services provider’s stock valued at $3,321,000 after acquiring an additional 142 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in LHC Group by 1.4% in the second quarter. Texas Permanent School Fund now owns 10,944 shares of the health services provider’s stock valued at $743,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

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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.

Analyst Recommendations for LHC Group (NASDAQ:LHCG)

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