LHC Group, Inc. (LHCG) Holdings Lifted by Allianz Asset Management GmbH

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.

LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Monday, November 6th. The health services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. LHC Group had a return on equity of 9.52% and a net margin of 4.09%. The company had revenue of $272.90 million for the quarter, compared to analyst estimates of $265.35 million. During the same quarter last year, the firm earned $0.54 EPS. LHC Group’s revenue for the quarter was up 18.2% compared to the same quarter last year. research analysts expect that LHC Group, Inc. will post 2.4 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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