Allianz Asset Management GmbH boosted its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,470 shares of the health services provider’s stock after buying an additional 7,168 shares during the period. Allianz Asset Management GmbH owned approximately 0.28% of LHC Group worth $3,579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nine Chapters Capital Management LLC bought a new position in LHC Group in the 3rd quarter worth approximately $255,000. Smith Asset Management Group LP bought a new position in LHC Group in the 3rd quarter worth approximately $1,421,000. Bessemer Group Inc. increased its position in LHC Group by 17.2% in the 3rd quarter. Bessemer Group Inc. now owns 20,400 shares of the health services provider’s stock worth $1,447,000 after buying an additional 3,000 shares during the period. Great West Life Assurance Co. Can increased its position in LHC Group by 3.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 22,229 shares of the health services provider’s stock worth $1,508,000 after buying an additional 790 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in LHC Group by 27.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 161,596 shares of the health services provider’s stock worth $10,971,000 after buying an additional 34,451 shares during the period. 85.41% of the stock is currently owned by institutional investors.
Shares of LHC Group, Inc. (NASDAQ LHCG) opened at $59.70 on Friday. LHC Group, Inc. has a fifty-two week low of $43.98 and a fifty-two week high of $76.14. The firm has a market capitalization of $1,093.82, a P/E ratio of 25.68, a PEG ratio of 1.77 and a beta of 0.69. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24.
LHCG has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $70.00 price target on shares of LHC Group in a research report on Wednesday, September 6th. Robert W. Baird reaffirmed a “hold” rating and issued a $63.00 price target on shares of LHC Group in a research report on Tuesday, September 12th. Zacks Investment Research downgraded LHC Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $75.00 price target on shares of LHC Group in a research report on Friday, November 3rd. Finally, Jefferies Group lifted their price objective on LHC Group from $68.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $77.10.
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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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