UBS Asset Management Americas Inc. purchased a new position in LHC Group (NASDAQ:LHCG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,600 shares of the health services provider’s stock, valued at approximately $248,000.
Other institutional investors have also bought and sold shares of the company. Swiss National Bank boosted its position in LHC Group by 2.8% in the first quarter. Swiss National Bank now owns 25,535 shares of the health services provider’s stock worth $1,376,000 after buying an additional 700 shares during the last quarter. Norges Bank acquired a new position in LHC Group during the fourth quarter worth approximately $7,913,000. Sawgrass Asset Management LLC acquired a new position in LHC Group during the first quarter worth approximately $241,000. State Street Corp boosted its position in LHC Group by 7.8% in the fourth quarter. State Street Corp now owns 373,936 shares of the health services provider’s stock worth $17,094,000 after buying an additional 26,915 shares during the last quarter. Finally, 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 valued at $145,000 after buying an additional 539 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.
Shares of LHC Group (NASDAQ:LHCG) opened at 64.31 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 28.46 and a beta of 0.77. The stock has a 50 day moving average of $63.27 and a 200-day moving average of $57.46. LHC Group has a 52-week low of $32.04 and a 52-week high of $69.35.
LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.09. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The firm had revenue of $260.20 million during the quarter, compared to the consensus estimate of $254.10 million. During the same period in the prior year, the firm earned $0.52 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. Equities analysts expect that LHC Group will post $2.39 earnings per share for the current fiscal year.
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LHCG has been the subject of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price objective on shares of LHC Group in a research report on Monday, May 15th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $68.00 price objective (up from $55.00) on shares of LHC Group in a research report on Monday, May 8th. Zacks Investment Research downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Jefferies Group LLC raised their price objective on shares of LHC Group from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, BidaskClub downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Nine research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $65.75.
In related news, Director Coliseum Capital Management, L sold 14,450 shares of the firm’s 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 can be accessed through the SEC website. Also, COO Donald Dwayne Stelly sold 3,181 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $64.97, for a total transaction of $206,669.57. Following the completion of the transaction, the chief operating officer now directly 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 a total of 546,207 shares of company stock valued at $33,813,733 over the last three months. Insiders own 14.80% of the company’s stock.
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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