Allianz Asset Management GmbH lifted its stake in LHC Group, Inc. (NASDAQ:LHCG) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,470 shares of the health services provider’s stock after purchasing an additional 7,168 shares during the period. Allianz Asset Management GmbH owned 0.28% of LHC Group worth $3,579,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of LHCG. Federated Investors Inc. PA grew 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 acquiring an additional 66 shares during the period. Acrospire Investment Management LLC grew 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 acquiring an additional 400 shares during the period. Cubist Systematic Strategies LLC grew 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 acquiring an additional 1,516 shares during the period. First Mercantile Trust Co. bought a new stake in shares of LHC Group in the second quarter worth approximately $147,000. Finally, SG Americas Securities LLC bought a new stake in shares of LHC Group in the third quarter worth approximately $163,000. 85.41% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on LHCG. Zacks Investment Research downgraded shares of LHC Group from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird reissued a “hold” rating and issued a $69.00 price objective on shares of LHC Group in a report on Friday, November 10th. Royal Bank of Canada raised their price objective on shares of LHC Group from $70.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Oppenheimer lifted their price target on shares of LHC Group from $68.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Finally, Jefferies Group lifted their price target on shares of LHC Group from $68.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. LHC Group has a consensus rating of “Buy” and an average price target of $77.10.
Shares of LHC Group, Inc. (LHCG) traded down $0.63 on Friday, reaching $63.24. 118,040 shares of the company traded hands, compared to its average volume of 333,017. LHC Group, Inc. has a 12 month low of $44.13 and a 12 month high of $76.14. The company has a market capitalization of $1,160.00, a PE ratio of 27.26, a PEG ratio of 1.71 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The company 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%. LHC Group’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. analysts anticipate that LHC Group, Inc. will post 2.4 earnings per share for the current year.
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LHC Group 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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