LHC Group (LHCG) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of LHC Group (NASDAQ:LHCG) from a strong sell rating to a sell rating in a research note released on Wednesday morning.

Several other research firms also recently issued reports on LHCG. Royal Bank of Canada raised their price target on shares of LHC Group from $70.00 to $81.00 and gave the company an outperform rating in a research note on Tuesday, November 7th. ValuEngine cut shares of LHC Group from a buy rating to a hold rating in a research report on Friday, December 1st. Robert W. Baird reiterated a hold rating and set a $69.00 price objective on shares of LHC Group in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of LHC Group from a hold rating to a buy rating and set a $79.00 price objective for the company in a research report on Wednesday, November 8th. Finally, Oppenheimer increased their price objective on shares of LHC Group from $80.00 to $85.00 and gave the stock an outperform rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $77.10.

LHC Group (LHCG) opened at $63.56 on Wednesday. The stock has a market cap of $1,140.98, a price-to-earnings ratio of 27.40, a PEG ratio of 1.67 and a beta of 0.71. LHC Group has a 52 week low of $46.18 and a 52 week high of $76.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.

Several institutional investors and hedge funds have recently bought and sold shares of LHCG. BlackRock Inc. increased its position in shares of LHC Group by 18.1% during the second quarter. BlackRock Inc. now owns 2,325,510 shares of the health services provider’s stock worth $157,879,000 after buying an additional 356,014 shares during the period. Royal Bank of Canada grew its holdings in LHC Group by 50,943.5% in the second quarter. Royal Bank of Canada now owns 165,381 shares of the health services provider’s stock worth $11,229,000 after purchasing an additional 165,057 shares during the period. Castleark Management LLC acquired a new stake in LHC Group in the second quarter worth $7,661,000. Robeco Institutional Asset Management B.V. acquired a new stake in LHC Group in the third quarter worth $5,197,000. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in LHC Group by 231.9% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 96,017 shares of the health services provider’s stock worth $6,810,000 after purchasing an additional 67,089 shares during the period. Institutional investors own 85.74% of the company’s stock.

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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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