Shell Asset Management Co. bought a new position in shares of LHC Group (NASDAQ:LHCG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,449 shares of the health services provider’s stock, valued at approximately $590,000. Shell Asset Management Co. owned about 0.14% of LHC Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alps Advisors Inc. increased its position in shares of LHC Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,449 shares of the health services provider’s stock worth $641,000 after acquiring an additional 24 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of LHC Group by 4.2% during the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after acquiring an additional 66 shares during the last quarter. Arizona State Retirement System increased its position in shares of LHC Group by 1.3% during the second quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock worth $531,000 after acquiring an additional 100 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of LHC Group by 0.3% during the second quarter. Victory Capital Management Inc. now owns 48,920 shares of the health services provider’s stock worth $3,321,000 after acquiring an additional 142 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in shares of LHC Group by 1.4% during the second quarter. Texas Permanent School Fund now owns 10,944 shares of the health services provider’s stock worth $743,000 after acquiring an additional 153 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Donald Dwayne Stelly sold 2,650 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $65.34, for a total value of $173,151.00. Following the completion of the sale, the chief operating officer now owns 109,235 shares in the company, valued at $7,137,414.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 14.80% of the stock is currently owned by company insiders.

LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.09. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The business had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $254.10 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis.

A number of brokerages have recently issued reports on LHCG. Zacks Investment Research lowered LHC Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and set a $63.00 target price on shares of LHC Group in a research report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 target price on shares of LHC Group in a research report on Wednesday, September 6th. Bank of America Corporation began coverage on LHC Group in a research report on Monday, August 21st. They set a “buy” rating and a $76.00 target price on the stock. Finally, BidaskClub raised LHC Group from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $66.60.

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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.

Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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