New York State Common Retirement Fund cut its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 58.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,900 shares of the health services provider’s stock after selling 35,765 shares during the period. New York State Common Retirement Fund owned about 0.14% of LHC Group worth $1,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of LHC Group by 18.1% in the second quarter. BlackRock Inc. now owns 2,325,510 shares of the health services provider’s stock valued at $157,879,000 after purchasing an additional 356,014 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of LHC Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 1,464,057 shares of the health services provider’s stock valued at $99,395,000 after purchasing an additional 32,049 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LHC Group by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,275,663 shares of the health services provider’s stock valued at $86,604,000 after purchasing an additional 13,347 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of LHC Group by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 578,956 shares of the health services provider’s stock valued at $39,306,000 after purchasing an additional 36,218 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of LHC Group by 7.5% in the second quarter. State Street Corp now owns 420,839 shares of the health services provider’s stock valued at $28,568,000 after purchasing an additional 29,464 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

LHC Group, Inc. (NASDAQ LHCG) opened at $61.25 on Tuesday. LHC Group, Inc. has a 52 week low of $44.04 and a 52 week high of $76.14. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1,119.59, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.82 and a beta of 0.70.

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

A number of research firms have recently issued reports on LHCG. Oppenheimer lifted their price objective on shares of LHC Group from $68.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. BidaskClub downgraded shares of LHC Group from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of LHC Group in a report on Wednesday, September 6th. Jefferies Group lifted their price objective on shares of LHC Group from $68.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $77.10.

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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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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