LHC Group, Inc. (LHCG) Holdings Decreased by Polar Capital LLP

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.

LHC Group (NASDAQ:LHCG) last released its quarterly earnings results on Wednesday, February 27th. The health services provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. LHC Group had a return on equity of 8.40% and a net margin of 3.50%. The company had revenue of $509.80 million for the quarter, compared to analyst estimates of $522.21 million. During the same period in the previous year, the company posted $0.62 earnings per share. The firm’s revenue was up 75.1% on a year-over-year basis. Research analysts predict that LHC Group, Inc. will post 4.2 EPS for the current fiscal year.

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.

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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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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