Hsbc Holdings PLC Boosts Stake in LHC Group, Inc. (LHCG)

Hsbc Holdings PLC increased its holdings in shares of LHC Group, Inc. (NASDAQ:LHCG) by 281.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,265 shares of the health services provider’s stock after purchasing an additional 7,573 shares during the period. Hsbc Holdings PLC’s holdings in LHC Group were worth $963,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LHCG. Financial Gravity Companies Inc. purchased a new stake in shares of LHC Group during the fourth quarter worth about $49,000. Private Capital Group LLC grew its holdings in shares of LHC Group by 60.2% during the fourth quarter. Private Capital Group LLC now owns 897 shares of the health services provider’s stock worth $84,000 after buying an additional 337 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of LHC Group during the third quarter worth about $117,000. Quantamental Technologies LLC purchased a new stake in shares of LHC Group during the fourth quarter worth about $182,000. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of LHC Group during the third quarter worth about $193,000. Institutional investors own 93.36% of the company’s stock.

LHCG stock traded up $1.85 during trading on Monday, hitting $108.28. 273,900 shares of the company’s stock traded hands, compared to its average volume of 249,100. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.78. LHC Group, Inc. has a 52 week low of $67.72 and a 52 week high of $115.54. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.87 and a beta of 0.91.

LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, February 27th. The health services provider reported $1.03 earnings per share for the quarter, meeting the consensus estimate of $1.03. LHC Group had a net margin of 3.50% and a return on equity of 8.40%. The firm had revenue of $509.80 million during the quarter, compared to analyst estimates of $522.21 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 75.1% compared to the same quarter last year. As a group, analysts expect that LHC Group, Inc. will post 4.2 EPS for the current fiscal year.

LHCG has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of LHC Group from $98.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. SunTrust Banks raised their target price on shares of LHC Group to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Craig Hallum lifted their price target on shares of LHC Group from $93.00 to $114.00 and gave the company a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. Barclays lifted their price target on shares of LHC Group from $95.00 to $104.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, BidaskClub cut shares of LHC Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $113.25.

In related news, CEO Keith G. Myers sold 75,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $104.69, for a total value of $7,851,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Donald Dwayne Stelly sold 15,151 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $107.06, for a total transaction of $1,622,066.06. Following the completion of the sale, the chief operating officer now directly owns 92,065 shares of the company’s stock, valued at approximately $9,856,478.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,876 shares of company stock valued at $20,614,290. Corporate insiders own 6.80% of the company’s stock.

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About LHC Group

LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Community-Based Services and Facility-Based Services.

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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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