Shares of LHC Group, Inc. (NASDAQ:LHCG – Get Rating) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have covered the stock in the last year is $170.00.
Separately, StockNews.com started coverage on LHC Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.
Hedge Funds Weigh In On LHC Group
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its position in LHC Group by 3.5% during the first quarter. Raymond James & Associates now owns 26,163 shares of the health services provider’s stock worth $4,411,000 after buying an additional 887 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of LHC Group by 127.2% in the first quarter. Crossmark Global Holdings Inc. now owns 6,199 shares of the health services provider’s stock valued at $1,045,000 after buying an additional 3,471 shares in the last quarter. Bank of New York Mellon Corp grew its stake in LHC Group by 26.3% during the 1st quarter. Bank of New York Mellon Corp now owns 452,386 shares of the health services provider’s stock worth $76,271,000 after purchasing an additional 94,177 shares in the last quarter. US Bancorp DE lifted its holdings in LHC Group by 9.2% during the 1st quarter. US Bancorp DE now owns 19,607 shares of the health services provider’s stock worth $3,305,000 after buying an additional 1,647 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in LHC Group by 186.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,621 shares of the health services provider’s stock worth $948,000 after buying an additional 3,658 shares during the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.
LHC Group Stock Down 0.2 %
NASDAQ LHCG opened at $161.68 on Monday. The stock’s 50 day moving average is $165.58 and its 200 day moving average is $163.17. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.44. LHC Group has a 12 month low of $112.25 and a 12 month high of $169.84. The stock has a market cap of $5.02 billion, a PE ratio of 78.87, a P/E/G ratio of 24.34 and a beta of 0.44.
LHC Group (NASDAQ:LHCG – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The health services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.31). The firm had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $616.65 million. LHC Group had a return on equity of 8.13% and a net margin of 2.73%. Research analysts predict that LHC Group will post 4.29 EPS for the current fiscal year.
LHC Group Company Profile
LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. It operates through five segments: Home Health Services, Hospice Services, Home and Community-Based Services, Facility-Based Services, and Healthcare Innovations (HCI).
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