SunTrust Banks, Inc. restated their buy rating on shares of LHC Group (NASDAQ:LHCG) in a research report sent to investors on Friday morning. They currently have a $75.00 price objective on the health services provider’s stock.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of LHC Group from a buy rating to a hold rating in a report on Wednesday, October 4th. Robert W. Baird reaffirmed a hold rating and issued a $63.00 target price on shares of LHC Group in a report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a buy rating and issued a $70.00 target price on shares of LHC Group in a report on Wednesday, September 6th. Bank of America Corporation began coverage on shares of LHC Group in a report on Monday, August 21st. They issued a buy rating and a $76.00 target price for the company. Finally, BidaskClub raised shares of LHC Group from a hold rating to a buy rating in a report on Friday, August 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $68.50.
LHC Group (NASDAQ LHCG) opened at $71.82 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1,312.87, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.18 and a beta of 0.70. LHC Group has a twelve month low of $36.29 and a twelve month high of $76.14.
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In other news, COO Donald Dwayne Stelly sold 2,650 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $65.34, for a total transaction of $173,151.00. Following the completion of the transaction, the chief operating officer now directly owns 109,235 shares of the company’s stock, valued at $7,137,414.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.80% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in LHC Group by 1.2% during the first quarter. Legal & General Group Plc now owns 25,087 shares of the health services provider’s stock valued at $1,353,000 after buying an additional 290 shares during the last quarter. Vanguard Group Inc. increased its holdings in LHC Group by 3.9% during the first quarter. Vanguard Group Inc. now owns 1,432,008 shares of the health services provider’s stock valued at $77,185,000 after buying an additional 54,279 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in LHC Group by 3.7% during the second quarter. Great West Life Assurance Co. Can now owns 22,229 shares of the health services provider’s stock valued at $1,508,000 after buying an additional 790 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in LHC Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 161,596 shares of the health services provider’s stock valued at $10,971,000 after buying an additional 34,451 shares during the last quarter. Finally, Linscomb & Williams Inc. purchased a new stake in LHC Group during the second quarter valued at approximately $2,268,000. 87.38% of the stock is owned by hedge funds and other institutional investors.
About LHC Group
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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