LHC Group (NASDAQ:LHCG) has earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $76.11.
LHCG has been the topic of several analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price objective on shares of LHC Group in a report on Tuesday, July 18th. Craig Hallum restated a “buy” rating and set a $80.00 price objective (up previously from $67.00) on shares of LHC Group in a report on Tuesday, November 7th. Bank of America Corporation initiated coverage on LHC Group in a report on Monday, August 21st. They set a “buy” rating and a $76.00 price objective on the stock. BidaskClub upgraded LHC Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC restated a “buy” rating and set a $68.00 price objective on shares of LHC Group in a report on Friday, August 4th.
In other LHC Group news, COO Donald Dwayne Stelly sold 2,650 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in LHCG. BlackRock Inc. grew its stake in shares of LHC Group by 43,223.7% during the first quarter. BlackRock Inc. now owns 1,969,496 shares of the health services provider’s stock valued at $106,157,000 after acquiring an additional 1,964,950 shares in the last quarter. Royal Bank of Canada grew its stake in shares of LHC Group by 50,943.5% during the second quarter. Royal Bank of Canada now owns 165,381 shares of the health services provider’s stock valued at $11,229,000 after acquiring an additional 165,057 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of LHC Group during the second quarter valued at about $7,661,000. AJO LP acquired a new stake in shares of LHC Group during the second quarter valued at about $6,300,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of LHC Group during the third quarter valued at about $5,197,000. Institutional investors own 87.29% of the company’s stock.
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LHC Group (NASDAQ:LHCG) traded up $0.97 during mid-day trading on Friday, hitting $68.78. The stock had a trading volume of 113,500 shares, compared to its average volume of 136,627. LHC Group has a 1-year low of $41.66 and a 1-year 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 capitalization of $1,239.54, a PE 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 data on Monday, November 6th. The health services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. LHC Group had a return on equity of 9.52% and a net margin of 4.09%. The business had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $265.35 million. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. sell-side analysts forecast that LHC Group will post 2.4 EPS for the current year.
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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