Oppenheimer Holdings Inc. Reiterates Outperform Rating for LHC Group Inc. (LHCG)
Oppenheimer Holdings Inc. reaffirmed their outperform rating on shares of LHC Group Inc. (NASDAQ:LHCG) in a research report released on Tuesday morning. The brokerage currently has a $46.00 target price on the stock, down from their prior target price of $50.00.
Several other research firms also recently weighed in on LHCG. Zacks Investment Research downgraded shares of LHC Group from a buy rating to a sell rating in a research report on Tuesday, August 9th. Robert W. Baird reissued a hold rating on shares of LHC Group in a research report on Monday, May 16th. Finally, Stephens began coverage on shares of LHC Group in a research report on Friday, June 17th. They set an overweight rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. LHC Group currently has a consensus rating of Hold and an average target price of $47.71.
Shares of LHC Group (NASDAQ:LHCG) opened at 36.43 on Tuesday. The stock has a 50 day moving average of $38.87 and a 200-day moving average of $39.88. LHC Group has a 52 week low of $32.77 and a 52 week high of $50.68. The stock has a market capitalization of $661.31 million, a PE ratio of 19.07 and a beta of 0.78.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. LHC Group had a net margin of 3.87% and a return on equity of 9.64%. The firm had revenue of $226 million for the quarter, compared to the consensus estimate of $221.09 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that LHC Group will post $1.99 EPS for the current year.
In other LHC Group news, Director Kenneth E. Thorpe sold 1,450 shares of LHC Group stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $36.88, for a total transaction of $53,476.00. Following the completion of the sale, the director now directly owns 17,550 shares in the company, valued at approximately $647,244. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 18.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Cortina Asset Management LLC boosted its position in LHC Group by 10.4% in the second quarter. Cortina Asset Management LLC now owns 515,183 shares of the company’s stock valued at $22,297,000 after buying an additional 48,645 shares in the last quarter. HBK Investments L P purchased a new position in LHC Group during the first quarter valued at about $361,000. Norges Bank purchased a new position in LHC Group during the fourth quarter valued at about $11,656,000. Kennedy Capital Management Inc. boosted its position in LHC Group by 22.6% in the first quarter. Kennedy Capital Management Inc. now owns 62,327 shares of the company’s stock valued at $2,216,000 after buying an additional 11,500 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in LHC Group by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock valued at $251,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.
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, 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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