LHC Group (NASDAQ:LHCG) Cut to Sell at Zacks Investment Research

LHC Group (NASDAQ:LHCG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, January 9th.

According to Zacks, “LHC Group is the preferred post-acute care partner for hospitals, physicians and families nationwide. From home health and hospice care to long-term acute care and community-based services, LHC delivers high-quality, cost-effective care that empowers patients to manage their health at home. More than 60 leading hospitals and health systems around the country have partnered with LHC Group to deliver patient-centered care in the home. More hospitals, physicians and families choose LHC Group, because our 13,000-plus employees in 26 states are united by a single, shared purpose: It’s all about helping people. “

Several other equities analysts have also weighed in on the stock. ValuEngine lowered shares of LHC Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks restated a “buy” rating and issued a $75.00 price objective on shares of LHC Group in a report on Friday, November 3rd. Royal Bank of Canada upped their target price on shares of LHC Group from $70.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Oppenheimer upped their target price on shares of LHC Group from $68.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird set a $71.00 price objective on shares of LHC Group and gave the company a “hold” rating in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.10.

LHC Group (LHCG) traded down $1.17 during mid-day trading on Tuesday, hitting $61.72. 236,170 shares of the stock were exchanged, compared to its average volume of 258,342. The stock has a market capitalization of $1,128.18, a PE ratio of 26.49, a P/E/G ratio of 1.65 and a beta of 0.71. LHC Group has a twelve month low of $46.18 and a twelve month 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.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of LHC Group by 18.1% in the 2nd quarter. BlackRock Inc. now owns 2,325,510 shares of the health services provider’s stock worth $157,879,000 after acquiring an additional 356,014 shares during the period. Vanguard Group Inc. lifted its stake in shares of LHC Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,464,057 shares of the health services provider’s stock worth $99,395,000 after acquiring an additional 32,049 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of LHC Group by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,275,663 shares of the health services provider’s stock valued at $86,604,000 after purchasing an additional 13,347 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of LHC Group by 6.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 616,829 shares of the health services provider’s stock valued at $43,747,000 after purchasing an additional 37,873 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its holdings in shares of LHC Group by 5.0% in the 3rd quarter. Rothschild Asset Management Inc. now owns 575,153 shares of the health services provider’s stock valued at $40,790,000 after purchasing an additional 27,613 shares in the last quarter. Institutional investors own 85.85% of the company’s stock.

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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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