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.
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.
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.
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