Public Employees Retirement System of Ohio Sells 9,860 Shares of LHC Group, Inc. (LHCG)

Public Employees Retirement System of Ohio decreased its position in shares of LHC Group, Inc. (NASDAQ:LHCG) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,029 shares of the health services provider’s stock after selling 9,860 shares during the quarter. Public Employees Retirement System of Ohio owned 0.20% of LHC Group worth $5,823,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LHCG. BRYN MAWR TRUST Co lifted its stake in shares of LHC Group by 0.3% in the 4th quarter. BRYN MAWR TRUST Co now owns 48,182 shares of the health services provider’s stock valued at $4,523,000 after purchasing an additional 159 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of LHC Group by 9.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 530,693 shares of the health services provider’s stock valued at $49,822,000 after purchasing an additional 44,450 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of LHC Group in the 4th quarter valued at $791,000. Gotham Asset Management LLC acquired a new position in shares of LHC Group in the 4th quarter valued at $1,556,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of LHC Group by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,035 shares of the health services provider’s stock valued at $942,000 after purchasing an additional 7,837 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

LHCG traded up $2.87 during mid-day trading on Wednesday, hitting $107.86. 262,194 shares of the stock were exchanged, compared to its average volume of 262,093. LHC Group, Inc. has a 1-year low of $67.72 and a 1-year high of $115.54. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.75 and a beta of 0.91.

LHC Group (NASDAQ:LHCG) last posted its earnings results on Wednesday, February 27th. The health services provider reported $1.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. LHC Group had a return on equity of 8.40% and a net margin of 3.50%. The firm had revenue of $509.80 million for the quarter, compared to analyst estimates of $522.21 million. During the same quarter in the prior year, the company earned $0.62 EPS. LHC Group’s revenue was up 75.1% on a year-over-year basis. On average, research analysts forecast that LHC Group, Inc. will post 4.2 earnings per share for the current year.

In other LHC Group news, CEO Keith G. Myers sold 75,000 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $104.69, for a total transaction of $7,851,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Keith G. Myers sold 11,558 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $108.83, for a total value of $1,257,857.14. Following the sale, the chief executive officer now owns 96,315 shares in the company, valued at approximately $10,481,961.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,876 shares of company stock worth $20,614,290. 6.80% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on LHCG shares. SunTrust Banks upped their price target on LHC Group to $130.00 and gave the company a “buy” rating in a research note on Friday, March 1st. BidaskClub lowered LHC Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research raised LHC Group from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Wednesday, January 2nd. Barclays upped their price target on LHC Group from $95.00 to $104.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, Craig Hallum upped their price target on LHC Group from $93.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $113.25.

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LHC Group Profile

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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