LHC Group, Inc. (LHCG) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its stake in shares of LHC Group, Inc. (NASDAQ:LHCG) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,650 shares of the health services provider’s stock after purchasing an additional 1,592 shares during the period. Rhumbline Advisers owned 0.18% of LHC Group worth $2,316,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its position in shares of LHC Group by 4.2% during the 2nd quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after purchasing an additional 66 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of LHC Group by 30.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock worth $115,000 after purchasing an additional 400 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of LHC Group by 758.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after purchasing an additional 1,516 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of LHC Group during the 2nd quarter worth about $147,000. Finally, ETRADE Capital Management LLC purchased a new stake in LHC Group during the 2nd quarter valued at about $219,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.
Shares of LHC Group, Inc. (NASDAQ:LHCG) opened at $62.09 on Monday. LHC Group, Inc. has a one year low of $41.66 and a one year high of $76.14. The stock has a market cap of $1,134.94, a PE ratio of 26.65, a P/E/G ratio of 1.84 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. The business had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $265.35 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. equities analysts expect that LHC Group, Inc. will post 2.4 earnings per share for the current year.
Several brokerages recently issued reports on LHCG. BidaskClub cut shares of LHC Group from a “sell” rating to a “strong sell” rating in a research note on Thursday. Oppenheimer reaffirmed a “buy” rating and set a $85.00 price objective on shares of LHC Group in a research note on Thursday. ValuEngine cut shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Robert W. Baird set a $71.00 price objective on shares of LHC Group and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of LHC Group in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. LHC Group currently has an average rating of “Buy” and an average target price of $77.10.
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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, 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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