LHC Group (NASDAQ:LHCG)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a report issued on Wednesday. They presently have a $84.00 target price on the health services provider’s stock. Jefferies Group’s price objective suggests a potential upside of 19.90% from the stock’s current price. Jefferies Group also issued estimates for LHC Group’s Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.17 EPS, FY2018 earnings at $3.50 EPS and FY2019 earnings at $4.20 EPS.
LHCG has been the subject of several other reports. BidaskClub raised LHC Group from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised LHC Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Oppenheimer reissued a “buy” rating and issued a $85.00 target price on shares of LHC Group in a report on Thursday, December 7th. Finally, Stephens set a $74.00 target price on LHC Group and gave the company a “buy” rating in a report on Friday, March 2nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.80.
Shares of NASDAQ LHCG traded down $0.60 during mid-day trading on Wednesday, hitting $70.06. 50,112 shares of the company were exchanged, compared to its average volume of 294,000. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.97 and a quick ratio of 1.97. LHC Group has a 1-year low of $51.38 and a 1-year high of $76.14. The company has a market cap of $1,271.00, a PE ratio of 29.20, a P/E/G ratio of 1.12 and a beta of 0.70.
In other news, COO Donald Dwayne Stelly sold 14,216 shares of LHC Group stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $64.00, for a total transaction of $909,824.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. raised its stake in shares of LHC Group by 24.8% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 304,858 shares of the health services provider’s stock worth $18,673,000 after buying an additional 60,563 shares during the last quarter. Wasatch Advisors Inc. increased its position in LHC Group by 17.2% during the 4th quarter. Wasatch Advisors Inc. now owns 254,381 shares of the health services provider’s stock worth $15,581,000 after purchasing an additional 37,241 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in LHC Group by 558.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 200,000 shares of the health services provider’s stock worth $12,250,000 after purchasing an additional 169,620 shares in the last quarter. Renaissance Technologies LLC increased its position in LHC Group by 1,862.8% during the 4th quarter. Renaissance Technologies LLC now owns 184,500 shares of the health services provider’s stock worth $11,301,000 after purchasing an additional 175,100 shares in the last quarter. Finally, Deutsche Bank AG increased its position in LHC Group by 371.5% during the 4th quarter. Deutsche Bank AG now owns 148,880 shares of the health services provider’s stock worth $9,117,000 after purchasing an additional 117,301 shares in the last quarter. 89.87% of the stock is owned by institutional investors and hedge funds.
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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