Dynamic Technology Lab Private Ltd decreased its holdings in shares of LHC Group, Inc. (NASDAQ:LHCG) by 40.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,703 shares of the health services provider’s stock after selling 3,221 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in LHC Group were worth $521,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in LHCG. William Blair Investment Management LLC lifted its position in shares of LHC Group by 3.6% in the first quarter. William Blair Investment Management LLC now owns 173,696 shares of the health services provider’s stock worth $19,256,000 after purchasing an additional 6,015 shares in the last quarter. MML Investors Services LLC grew its holdings in LHC Group by 3.9% during the first quarter. MML Investors Services LLC now owns 5,276 shares of the health services provider’s stock valued at $585,000 after purchasing an additional 197 shares during the last quarter. Empowered Funds LLC acquired a new position in LHC Group during the first quarter valued at approximately $1,503,000. Swiss National Bank grew its holdings in LHC Group by 3.2% during the first quarter. Swiss National Bank now owns 51,466 shares of the health services provider’s stock valued at $5,706,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in LHC Group by 4.9% during the first quarter. Envestnet Asset Management Inc. now owns 40,052 shares of the health services provider’s stock valued at $4,440,000 after purchasing an additional 1,889 shares during the last quarter. Hedge funds and other institutional investors own 91.42% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BidaskClub raised LHC Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 17th. Zacks Investment Research raised LHC Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Jefferies Financial Group increased their price objective on LHC Group from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Barclays reissued a “hold” rating on shares of LHC Group in a research report on Sunday, May 12th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $120.58.
LHCG opened at $115.92 on Thursday. LHC Group, Inc. has a 1-year low of $80.60 and a 1-year high of $122.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $3.63 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.83.
LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, May 8th. The health services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. The firm had revenue of $502.59 million during the quarter, compared to analysts’ expectations of $511.16 million. LHC Group had a return on equity of 8.43% and a net margin of 3.83%. As a group, sell-side analysts predict that LHC Group, Inc. will post 4.3 EPS for the current year.
About LHC Group
LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.
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