Public Employees Retirement Association of Colorado Sells 1,736 Shares of LHC Group (LHCG)

Public Employees Retirement Association of Colorado lessened its holdings in shares of LHC Group (NASDAQ:LHCG) by 24.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,381 shares of the health services provider’s stock after selling 1,736 shares during the period. Public Employees Retirement Association of Colorado’s holdings in LHC Group were worth $382,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Federated Investors Inc. PA lifted its holdings in shares of LHC Group by 4.2% during the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after purchasing an additional 66 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of LHC Group by 30.8% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock worth $115,000 after purchasing an additional 400 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of LHC Group by 758.0% during the second quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after purchasing an additional 1,516 shares during the period. First Mercantile Trust Co. acquired a new position in shares of LHC Group during the second quarter worth $147,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of LHC Group by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 2,955 shares of the health services provider’s stock worth $200,000 after purchasing an additional 1,305 shares during the period. Institutional investors own 87.29% of the company’s stock.

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

Shares of LHC Group (LHCG) opened at $68.78 on Wednesday. LHC Group has a 52 week low of $41.66 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 $1,239.54, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70.

LHC Group (NASDAQ:LHCG) last posted its quarterly 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 firm had revenue of $272.90 million during the quarter, compared to the consensus estimate of $265.35 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. equities research analysts predict that LHC Group will post 2.4 EPS for the current year.

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Several equities analysts recently issued reports on LHCG shares. Royal Bank Of Canada restated a “buy” rating and issued a $69.00 target price on shares of LHC Group in a report on Tuesday, July 18th. BidaskClub lowered shares of LHC Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $68.00 target price on shares of LHC Group in a report on Friday, August 4th. Robert W. Baird restated a “hold” rating and issued a $63.00 target price on shares of LHC Group in a report on Tuesday, September 12th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $75.00 target price on shares of LHC Group in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.40.

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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