Principal Financial Group Inc. increased its position in LHC Group (NASDAQ:LHCG) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,314 shares of the health services provider’s stock after buying an additional 8,176 shares during the quarter. Principal Financial Group Inc. owned 0.72% of LHC Group worth $9,384,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of LHCG. Federated Investors Inc. PA increased its stake 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 worth $110,000 after buying an additional 66 shares during the period. Acrospire Investment Management LLC increased its stake in shares of LHC Group by 30.8% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock worth $115,000 after buying an additional 400 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of LHC Group by 758.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after buying an additional 1,516 shares during the period. First Mercantile Trust Co. purchased a new position in shares of LHC Group in the second quarter worth $147,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of LHC Group in the second quarter worth $219,000. 85.51% of the stock is currently owned by institutional investors.
In other news, COO Donald Dwayne Stelly sold 2,650 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $65.34, for a total transaction of $173,151.00. Following the sale, the chief operating officer now owns 109,235 shares in the company, valued at approximately $7,137,414.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 14.80% of the company’s stock.
Several research analysts recently commented on the stock. Robert W. Baird set a $71.00 target price on shares of LHC Group and gave the stock a “hold” rating in a research note on Tuesday, November 28th. ValuEngine cut shares of LHC Group from a “buy” rating to a “hold” rating in a report on Friday. Bank of America began coverage on shares of LHC Group in a report on Monday, August 21st. They issued a “buy” rating and a $76.00 price target on the stock. BidaskClub upgraded shares of LHC Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 price target on shares of LHC Group in a report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.10.
Shares of LHC Group (NASDAQ LHCG) opened at $64.86 on Tuesday. The firm has a market cap of $1,196.00, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.94 and a beta of 0.69. LHC Group has a fifty-two week low of $41.66 and a fifty-two week high of $76.14. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.
LHC Group (NASDAQ:LHCG) last released 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. The business had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $265.35 million. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. equities analysts expect that LHC Group will post 2.4 EPS 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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