Insider Selling: LHC Group (LHCG) Director Sells 14,450 Shares of Stock

LHC Group (NASDAQ:LHCG) Director Coliseum Capital Management, L sold 14,450 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $65.69, for a total value of $949,220.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Coliseum Capital Management, L also recently made the following trade(s):

  • On Friday, June 9th, Coliseum Capital Management, L sold 10,215 shares of LHC Group stock. The shares were sold at an average price of $65.14, for a total value of $665,405.10.
  • On Tuesday, June 6th, Coliseum Capital Management, L sold 25,000 shares of LHC Group stock. The shares were sold at an average price of $63.23, for a total value of $1,580,750.00.
  • On Monday, June 5th, Coliseum Capital Management, L sold 77,524 shares of LHC Group stock. The shares were sold at an average price of $61.73, for a total value of $4,785,556.52.
  • On Wednesday, June 7th, Coliseum Capital Management, L sold 162,524 shares of LHC Group stock. The shares were sold at an average price of $62.80, for a total value of $10,206,507.20.
  • On Friday, June 2nd, Coliseum Capital Management, L sold 145,850 shares of LHC Group stock. The shares were sold at an average price of $61.05, for a total value of $8,904,142.50.
  • On Tuesday, May 30th, Coliseum Capital Management, L sold 107,463 shares of LHC Group stock. The shares were sold at an average price of $60.63, for a total value of $6,515,481.69.
  • On Friday, May 19th, Coliseum Capital Management, L sold 8,632 shares of LHC Group stock. The shares were sold at an average price of $60.25, for a total value of $520,078.00.
  • On Thursday, May 11th, Coliseum Capital Management, L sold 128,000 shares of LHC Group stock. The shares were sold at an average price of $60.99, for a total value of $7,806,720.00.

Shares of LHC Group (NASDAQ:LHCG) traded down 0.18% on Friday, reaching $65.81. The company had a trading volume of 173,471 shares. LHC Group has a 52-week low of $32.04 and a 52-week high of $66.53. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 30.47 and a beta of 0.79. The company’s 50-day moving average price is $61.07 and its 200-day moving average price is $51.52.

Insider Buying and Selling by Quarter for LHC Group (NASDAQ:LHCG)

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Several equities research analysts have recently weighed in on LHCG shares. Royal Bank of Canada raised LHC Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $58.00 in a research report on Friday, March 10th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $68.00 price objective (up from $55.00) on shares of LHC Group in a research report on Monday, May 8th. Jefferies Group LLC increased their price objective on LHC Group from $56.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research raised LHC Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, SunTrust Banks, Inc. raised LHC Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $56.00 in a research report on Friday, March 10th. Eight analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $64.38.

A number of hedge funds have recently added to or reduced their stakes in LHCG. Point72 Asset Management L.P. increased its stake in LHC Group by 292.3% in the first quarter. Point72 Asset Management L.P. now owns 439,399 shares of the health services provider’s stock valued at $23,684,000 after buying an additional 327,399 shares during the period. Iguana Healthcare Management LLC increased its stake in LHC Group by 16.7% in the first quarter. Iguana Healthcare Management LLC now owns 35,000 shares of the health services provider’s stock valued at $1,887,000 after buying an additional 5,000 shares during the period. State Street Corp increased its stake in LHC Group by 4.7% in the first quarter. State Street Corp now owns 391,375 shares of the health services provider’s stock valued at $21,095,000 after buying an additional 17,439 shares during the period. Bank of America Corp DE increased its stake in LHC Group by 123.5% in the first quarter. Bank of America Corp DE now owns 34,658 shares of the health services provider’s stock valued at $1,868,000 after buying an additional 19,154 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in LHC Group by 7.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 84,338 shares of the health services provider’s stock valued at $4,546,000 after buying an additional 5,551 shares during the period. Institutional investors and hedge funds own 86.67% 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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