Shares of LHC Group, Inc. (NASDAQ:LHCG – Get Rating) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have covered the stock in the last year is $164.43.
Several research analysts have commented on the company. Stephens downgraded LHC Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 30th. William Blair downgraded LHC Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 29th. Royal Bank of Canada downgraded LHC Group from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $172.00 to $170.00 in a research note on Monday, April 4th. Credit Suisse Group downgraded LHC Group from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $181.00 to $170.00 in a research note on Wednesday, March 30th. Finally, Benchmark downgraded LHC Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th.
Shares of LHC Group stock opened at $157.30 on Friday. LHC Group has a 1 year low of $108.42 and a 1 year high of $216.65. The firm has a market cap of $4.88 billion, a PE ratio of 48.85, a P/E/G ratio of 2.38 and a beta of 0.45. The stock has a fifty day moving average price of $165.00 and a 200-day moving average price of $146.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 1.41.
Several large investors have recently made changes to their positions in the company. American Trust bought a new position in shares of LHC Group during the first quarter valued at $216,000. Vise Technologies Inc. purchased a new stake in LHC Group during the first quarter valued at $329,000. Bank of America Corp DE increased its position in LHC Group by 27.9% during the first quarter. Bank of America Corp DE now owns 390,999 shares of the health services provider’s stock valued at $65,923,000 after acquiring an additional 85,244 shares during the last quarter. Walleye Capital LLC purchased a new stake in LHC Group during the first quarter valued at $910,000. Finally, First National Bank of Omaha increased its position in LHC Group by 27.7% during the first quarter. First National Bank of Omaha now owns 58,261 shares of the health services provider’s stock valued at $9,823,000 after acquiring an additional 12,653 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
About LHC Group (Get Rating)
LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. It operates through five segments: Home Health Services, Hospice Services, Home and Community-Based Services, Facility-Based Services, and Healthcare Innovations (HCI).
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