Teachers Retirement System of The State of Kentucky maintained its stake in shares of LHC Group (NASDAQ:LHCG) during the first quarter, according to its most recent filing with the SEC. The fund owned 6,100 shares of the health services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in LHC Group were worth $329,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in LHCG. Invictus RG bought a new stake in shares of LHC Group during the first quarter worth about $125,000. US Bancorp DE increased its stake in shares of LHC Group by 25.1% in the first quarter. US Bancorp DE now owns 2,683 shares of the health services provider’s stock worth $145,000 after buying an additional 539 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of LHC Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,485 shares of the health services provider’s stock worth $188,000 after buying an additional 228 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in shares of LHC Group during the first quarter worth about $241,000. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of LHC Group during the first quarter worth about $248,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.
Shares of LHC Group (NASDAQ LHCG) traded up 2.03% during trading on Tuesday, hitting $63.89. 40,014 shares of the company’s stock were exchanged. The company has a 50-day moving average of $64.67 and a 200-day moving average of $56.16. The company has a market cap of $1.13 billion, a P/E ratio of 28.27 and a beta of 0.77. LHC Group has a 12-month low of $32.04 and a 12-month high of $69.35.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings data on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09. The company had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $254.10 million. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts expect that LHC Group will post $2.39 earnings per share for the current fiscal year.
A number of analysts have issued reports on the stock. Stephens set a $69.00 price target on shares of LHC Group and gave the company a “buy” rating in a report on Saturday, May 6th. Zacks Investment Research upgraded shares of LHC Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Saturday. Jefferies Group LLC reiterated a “buy” rating and issued a $68.00 price target on shares of LHC Group in a report on Friday. Benchmark Co. lifted their price target on shares of LHC Group from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 8th. Finally, BidaskClub downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. LHC Group has an average rating of “Buy” and a consensus target price of $65.75.
In other news, Director Coliseum Capital Management, L sold 8,632 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $60.25, for a total value of $520,078.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald Dwayne Stelly sold 3,181 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $64.97, for a total transaction of $206,669.57. Following the completion of the sale, the chief operating officer now owns 114,235 shares of the company’s stock, valued at $7,421,847.95. The disclosure for this sale can be found here. Insiders have sold 682,839 shares of company stock valued at $42,140,531 over the last 90 days. 14.80% of the stock is currently owned by company insiders.
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.
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