Polar Capital LLP lowered its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,234 shares of the health services provider’s stock after selling 61,924 shares during the period. Polar Capital LLP owned approximately 0.66% of LHC Group worth $19,549,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in LHCG. Financial Gravity Companies Inc. bought a new position in LHC Group during the 4th quarter worth approximately $49,000. Private Capital Group LLC grew its position in shares of LHC Group by 60.2% in the 4th quarter. Private Capital Group LLC now owns 897 shares of the health services provider’s stock worth $84,000 after buying an additional 337 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of LHC Group in the 3rd quarter worth approximately $117,000. Almanack Investment Partners LLC. bought a new stake in shares of LHC Group in the 3rd quarter worth approximately $193,000. Finally, Quantamental Technologies LLC bought a new stake in shares of LHC Group in the 4th quarter worth approximately $182,000. 91.72% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ LHCG opened at $111.60 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 1.78. LHC Group, Inc. has a twelve month low of $59.21 and a twelve month high of $114.22. The company has a market cap of $3.50 billion, a P/E ratio of 31.44, a PEG ratio of 1.55 and a beta of 0.91.
In related news, EVP Joshua L. Proffitt sold 11,003 shares of LHC Group stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $107.36, for a total transaction of $1,181,282.08. Following the sale, the executive vice president now directly owns 66,980 shares in the company, valued at $7,190,972.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keith G. Myers sold 6,790 shares of LHC Group stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $95.01, for a total value of $645,117.90. Following the sale, the chief executive officer now owns 155,475 shares in the company, valued at $14,771,679.75. The disclosure for this sale can be found here. Insiders have sold 257,944 shares of company stock worth $26,570,216 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.
A number of brokerages have recently weighed in on LHCG. Zacks Investment Research upgraded LHC Group from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Wednesday, January 2nd. BidaskClub lowered LHC Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 28th. Robert W. Baird lifted their price objective on LHC Group from $98.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Craig Hallum lifted their price objective on LHC Group from $93.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. Finally, SunTrust Banks lifted their price objective on LHC Group to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.33.
LHC Group Profile
LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Community-Based Services and Facility-Based Services.
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