Millennium Management LLC cut its stake in LHC Group, Inc. (NASDAQ:LHCG) by 54.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 119,493 shares of the health services provider’s stock after selling 141,393 shares during the quarter. Millennium Management LLC’s holdings in LHC Group were worth $7,319,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its holdings in LHC Group by 249.5% in the fourth quarter. LS Investment Advisors LLC now owns 2,478 shares of the health services provider’s stock valued at $152,000 after purchasing an additional 1,769 shares during the period. SG Americas Securities LLC purchased a new stake in LHC Group during the 3rd quarter worth about $163,000. Jefferies Group LLC purchased a new stake in LHC Group during the 4th quarter worth about $200,000. Crossmark Global Holdings Inc. lifted its holdings in LHC Group by 28.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,036 shares of the health services provider’s stock worth $308,000 after buying an additional 1,103 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in LHC Group during the 4th quarter worth about $351,000. Hedge funds and other institutional investors own 89.87% of the company’s stock.
LHCG opened at $70.56 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97. LHC Group, Inc. has a one year low of $51.38 and a one year high of $76.14. The stock has a market cap of $1,260.58, a PE ratio of 29.16, a PEG ratio of 1.11 and a beta of 0.70.
LHC Group (NASDAQ:LHCG) last posted its earnings results on Wednesday, February 28th. The health services provider reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. LHC Group had a return on equity of 9.18% and a net margin of 4.67%. The business had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $280.82 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up 24.2% compared to the same quarter last year. equities research analysts anticipate that LHC Group, Inc. will post 3.5 EPS for the current year.
In other news, COO Donald Dwayne Stelly sold 14,216 shares of LHC Group stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $64.00, for a total transaction of $909,824.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 14.80% of the stock is currently owned by insiders.
A number of brokerages have issued reports on LHCG. BidaskClub raised LHC Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Zacks Investment Research raised LHC Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stephens set a $74.00 price target on LHC Group and gave the stock a “buy” rating in a report on Friday, March 2nd. Craig Hallum lifted their price target on LHC Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, April 4th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $84.00 price target on shares of LHC Group in a report on Wednesday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $76.80.
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LHC Group Company 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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