Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of LHC Group to $130.00 and gave the company an outperform rating in a research note on Monday, May 13th. Barclays reissued a hold rating on shares of LHC Group in a research note on Sunday, May 12th. Zacks Investment Research raised shares of LHC Group from a hold rating to a buy rating and set a $130.00 price objective on the stock in a research note on Thursday, June 27th. UBS Group set a $133.00 price objective on shares of LHC Group and gave the company a buy rating in a research note on Friday, May 10th. Finally, Jefferies Financial Group upped their price objective on shares of LHC Group from $125.00 to $130.00 and gave the company a buy rating in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $122.70.
Shares of LHCG stock traded up $0.11 during trading hours on Friday, hitting $123.62. The company’s stock had a trading volume of 293,510 shares, compared to its average volume of 235,941. The stock has a fifty day moving average of $120.83. The firm has a market capitalization of $3.89 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. LHC Group has a twelve month low of $80.84 and a twelve month high of $129.37. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21.
In other LHC Group news, COO Donald Dwayne Stelly sold 3,306 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $115.87, for a total transaction of $383,066.22. Following the transaction, the chief operating officer now owns 98,267 shares of the company’s stock, valued at $11,386,197.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Indest sold 30,515 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $113.76, for a total transaction of $3,471,386.40. Following the transaction, the director now directly owns 22,947 shares in the company, valued at approximately $2,610,450.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,269 shares of company stock worth $5,314,613. 5.20% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new stake in shares of LHC Group in the fourth quarter worth about $349,000. Amalgamated Bank lifted its position in shares of LHC Group by 128.4% in the fourth quarter. Amalgamated Bank now owns 4,610 shares of the health services provider’s stock worth $433,000 after buying an additional 2,592 shares in the last quarter. FMR LLC increased its stake in LHC Group by 24.9% during the fourth quarter. FMR LLC now owns 1,123,833 shares of the health services provider’s stock worth $105,506,000 after acquiring an additional 224,124 shares during the last quarter. Norges Bank bought a new stake in LHC Group during the fourth quarter worth approximately $51,535,000. Finally, Geode Capital Management LLC increased its stake in LHC Group by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 325,548 shares of the health services provider’s stock worth $30,562,000 after acquiring an additional 20,482 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.
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, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.
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