BidaskClub Upgrades LHC Group (LHCG) to “Sell”

LHC Group (NASDAQ:LHCG) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

Several other brokerages have also weighed in on LHCG. Zacks Investment Research lowered shares of LHC Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Oppenheimer restated a “buy” rating and issued a $85.00 price objective on shares of LHC Group in a report on Thursday, December 7th. ValuEngine lowered shares of LHC Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird set a $71.00 price objective on shares of LHC Group and gave the company a “hold” rating in a report on Tuesday, November 28th. Finally, Stephens set a $74.00 price objective on shares of LHC Group and gave the company a “buy” rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $76.70.

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LHCG stock opened at $62.32 on Friday. LHC Group has a 12-month low of $51.01 and a 12-month high of $76.14. The stock has a market cap of $1,139.52, a P/E ratio of 22.34, a PEG ratio of 1.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97.

LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, February 28th. The health services provider reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. LHC Group had a net margin of 4.67% and a return on equity of 9.18%. The company had revenue of $292.40 million for the quarter, compared to analyst estimates of $280.82 million. During the same period in the prior year, the business earned $0.58 earnings per share. LHC Group’s quarterly revenue was up 24.2% on a year-over-year basis. research analysts anticipate that LHC Group will post 2.99 EPS for the current fiscal year.

In other LHC Group news, COO Donald Dwayne Stelly sold 14,216 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $64.00, for a total value of $909,824.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 14.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. raised its holdings in LHC Group by 7.2% in the third quarter. American International Group Inc. now owns 12,533 shares of the health services provider’s stock worth $889,000 after purchasing an additional 840 shares during the period. OppenheimerFunds Inc. raised its holdings in LHC Group by 10.4% in the fourth quarter. OppenheimerFunds Inc. now owns 11,388 shares of the health services provider’s stock worth $698,000 after purchasing an additional 1,071 shares during the period. Cornercap Investment Counsel Inc. raised its holdings in LHC Group by 10.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 11,845 shares of the health services provider’s stock worth $726,000 after purchasing an additional 1,095 shares during the period. Crossmark Global Holdings Inc. raised its holdings in LHC Group by 28.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,036 shares of the health services provider’s stock worth $308,000 after purchasing an additional 1,103 shares during the period. Finally, Comerica Bank raised its holdings in LHC Group by 9.1% in the third quarter. Comerica Bank now owns 17,125 shares of the health services provider’s stock worth $1,145,000 after purchasing an additional 1,426 shares during the period. Institutional investors own 89.76% of the company’s stock.

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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, 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.

Analyst Recommendations for LHC Group (NASDAQ:LHCG)

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