Dimensional Fund Advisors LP raised its stake in LHC Group Inc. (NASDAQ:LHCG) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,117,742 shares of the company’s stock after buying an additional 30,053 shares during the period. Dimensional Fund Advisors LP owned about 6.16% of LHC Group worth $48,375,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in LHCG. Rothschild Asset Management Inc. boosted its position in shares of LHC Group by 26.6% in the second quarter. Rothschild Asset Management Inc. now owns 371,297 shares of the company’s stock valued at $16,070,000 after buying an additional 77,994 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of LHC Group by 8.2% in the second quarter. Ameriprise Financial Inc. now owns 516,917 shares of the company’s stock valued at $22,372,000 after buying an additional 39,289 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of LHC Group by 114.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 60,938 shares of the company’s stock valued at $2,637,000 after buying an additional 32,522 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of LHC Group during the second quarter valued at about $1,259,000. Finally, GSA Capital Partners LLP boosted its position in shares of LHC Group by 88.4% in the second quarter. GSA Capital Partners LLP now owns 61,366 shares of the company’s stock valued at $2,656,000 after buying an additional 28,800 shares in the last quarter. 80.67% of the stock is currently owned by institutional investors.
Shares of LHC Group Inc. (NASDAQ:LHCG) opened at 37.27 on Tuesday. The company’s 50 day moving average is $36.62 and its 200 day moving average is $40.11. The firm has a market capitalization of $676.56 million, a PE ratio of 19.51 and a beta of 0.64. LHC Group Inc. has a 12-month low of $32.77 and a 12-month high of $49.34.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $226 million for the quarter, compared to the consensus estimate of $221.09 million. LHC Group had a net margin of 3.87% and a return on equity of 9.64%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, analysts forecast that LHC Group Inc. will post $1.99 earnings per share for the current year.
Several equities analysts have recently issued reports on LHCG shares. Zacks Investment Research cut shares of LHC Group from a “buy” rating to a “sell” rating in a research note on Tuesday, August 9th. Stephens started coverage on shares of LHC Group in a research note on Friday, June 17th. They issued an “overweight” rating and a $55.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $46.00 price objective (down previously from $50.00) on shares of LHC Group in a research note on Tuesday, September 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.71.
In related news, Director Kenneth E. Thorpe sold 1,450 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $36.88, for a total transaction of $53,476.00. Following the transaction, the director now owns 17,550 shares in the company, valued at approximately $647,244. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 18.30% of the company’s stock.
LHC Group Company Profile
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing 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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