LHC Group Inc. (NASDAQ:LHCG) – Stock analysts at SunTrust Banks lowered their Q1 2017 earnings per share (EPS) estimates for shares of LHC Group in a research note issued to investors on Monday. SunTrust Banks analyst D. Macdonald now anticipates that the brokerage will earn $0.44 per share for the quarter, down from their prior estimate of $0.48. SunTrust Banks also issued estimates for LHC Group’s Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.55 EPS and FY2017 earnings at $1.98 EPS.

LHCG has been the subject of a number of other reports. Zacks Investment Research downgraded LHC Group from a “buy” rating to a “sell” rating in a research report on Tuesday, August 9th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $46.00 price target (down from $50.00) on shares of LHC Group in a research report on Tuesday, September 13th. Finally, Stephens initiated coverage on LHC Group in a research report on Friday, June 17th. They issued an “overweight” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.71.

Shares of LHC Group (NASDAQ:LHCG) opened at 36.83 on Tuesday. The stock has a market capitalization of $668.58 million, a P/E ratio of 19.28 and a beta of 0.78. The stock has a 50 day moving average of $37.34 and a 200-day moving average of $39.86. LHC Group has a 52-week low of $32.77 and a 52-week high of $50.68.

LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $226 million for the quarter, compared to the consensus estimate of $221.09 million. LHC Group had a net margin of 3.87% and a return on equity of 9.64%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS.

In other news, Director Kenneth E. Thorpe sold 1,450 shares of LHC Group stock in a transaction on Monday, August 22nd. The stock was 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 $647,244. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 18.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LHCG. Norges Bank acquired a new stake in LHC Group during the fourth quarter valued at $11,656,000. Rothschild Asset Management Inc. increased its stake in LHC Group by 26.6% in the second quarter. Rothschild Asset Management Inc. now owns 371,297 shares of the company’s stock valued at $16,070,000 after buying an additional 77,994 shares during the period. BlackRock Fund Advisors increased its stake in LHC Group by 8.5% in the second quarter. BlackRock Fund Advisors now owns 980,256 shares of the company’s stock valued at $42,425,000 after buying an additional 76,859 shares during the period. Vanguard Group Inc. increased its stake in LHC Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,445,895 shares of the company’s stock valued at $62,578,000 after buying an additional 57,246 shares during the period. Finally, First Light Asset Management LLC increased its stake in LHC Group by 31.5% in the second quarter. First Light Asset Management LLC now owns 226,943 shares of the company’s stock valued at $9,822,000 after buying an additional 54,406 shares during the period. Institutional investors and hedge funds own 80.71% 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, 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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