New York State Common Retirement Fund grew its position in LHC Group (NASDAQ:LHCG) by 283.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,665 shares of the health services provider’s stock after purchasing an additional 45,564 shares during the period. New York State Common Retirement Fund owned about 0.35% of LHC Group worth $4,186,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of LHCG. Federated Investors Inc. PA raised its holdings in shares of LHC Group by 4.2% in the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock valued at $110,000 after buying an additional 66 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in 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. First Mercantile Trust Co. bought a new stake in LHC Group during the 2nd quarter worth about $147,000. Invictus RG bought a new stake in LHC Group during the 1st quarter worth about $125,000. Finally, US Bancorp DE raised its holdings in LHC Group by 25.1% during the 1st quarter. US Bancorp DE now owns 2,683 shares of the health services provider’s stock worth $145,000 after purchasing an additional 539 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.
A number of analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 price target on shares of LHC Group in a research note on Wednesday, September 6th. BidaskClub raised LHC Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded LHC Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $68.00 price objective on shares of LHC Group in a research report on Friday, August 4th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $63.00 price objective on shares of LHC Group in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $66.60.
In other LHC Group news, COO Donald Dwayne Stelly sold 2,650 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $65.34, for a total transaction of $173,151.00. Following the sale, the chief operating officer now directly owns 109,235 shares of the company’s stock, valued at $7,137,414.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.80% of the stock is owned by company insiders.
LHC Group (NASDAQ:LHCG) traded up 0.90% during midday trading on Friday, reaching $68.56. The company had a trading volume of 4,120 shares. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 30.34 and a beta of 0.76. The stock’s 50 day moving average is $67.04 and its 200 day moving average is $63.05. LHC Group has a 12-month low of $32.04 and a 12-month high of $73.85.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Wednesday, August 2nd. The health services provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.09. The business had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $254.10 million. LHC Group had a return on equity of 9.62% and a net margin of 4.13%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts expect that LHC Group will post $2.39 earnings per share for the current year.
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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.
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