Meyer Handelman Co. Acquires New Stake in LHC Group, Inc. (LHCG)
Meyer Handelman Co. acquired a new stake in LHC Group, Inc. (NASDAQ:LHCG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,836 shares of the health services provider’s stock, valued at approximately $266,000.
Several other institutional investors and hedge funds have also bought and sold shares of LHCG. State of Alaska Department of Revenue lifted its position in LHC Group by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 9,775 shares of the health services provider’s stock worth $917,000 after purchasing an additional 150 shares during the period. Eqis Capital Management Inc. lifted its position in LHC Group by 6.2% in the fourth quarter. Eqis Capital Management Inc. now owns 4,837 shares of the health services provider’s stock worth $454,000 after purchasing an additional 281 shares during the period. Private Capital Group LLC lifted its position in LHC Group by 60.2% in the fourth quarter. Private Capital Group LLC now owns 897 shares of the health services provider’s stock worth $84,000 after purchasing an additional 337 shares during the period. Great Lakes Advisors LLC lifted its position in LHC Group by 15.8% in the third quarter. Great Lakes Advisors LLC now owns 2,779 shares of the health services provider’s stock worth $286,000 after purchasing an additional 379 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in LHC Group in the fourth quarter worth $49,000. 90.50% of the stock is owned by institutional investors.
Shares of NASDAQ:LHCG traded up $0.04 during midday trading on Monday, reaching $106.91. The company’s stock had a trading volume of 200 shares, compared to its average volume of 253,211. LHC Group, Inc. has a fifty-two week low of $59.21 and a fifty-two week high of $112.22. The firm has a market cap of $3.35 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.61 and a current ratio of 1.61.
In related news, SVP Jeff Reibel sold 5,239 shares of LHC Group stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $105.26, for a total value of $551,457.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Keith G. Myers sold 75,000 shares of LHC Group stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $103.40, for a total value of $7,755,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 241,821 shares of company stock valued at $24,422,790. 6.80% of the stock is currently owned by corporate insiders.
LHC Group Company Profile
LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. The company operates through four segments: Home Health Services, Hospice Services, Community-Based Services, and Facility-Based Services. The Home Health Services segment offers home nursing services, including wound care and dressing changes, cardiac rehabilitation, infusion therapy, pain management, pharmaceutical administration, skilled observation and assessment, and patient education; medically-oriented social services; and physical, occupational, and speech therapy services.
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