SG Americas Securities LLC Trims Position in LHC Group, Inc. (NASDAQ:LHCG)

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SG Americas Securities LLC lessened its position in shares of LHC Group, Inc. (NASDAQ:LHCG) by 25.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,898 shares of the health services provider’s stock after selling 1,699 shares during the quarter. SG Americas Securities LLC’s holdings in LHC Group were worth $854,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LHCG. First Trust Advisors LP increased its position in LHC Group by 4.8% during the first quarter. First Trust Advisors LP now owns 34,900 shares of the health services provider’s stock valued at $3,869,000 after acquiring an additional 1,591 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in LHC Group by 48.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 3,720 shares of the health services provider’s stock valued at $512,000 after acquiring an additional 1,212 shares during the last quarter. Baird Financial Group Inc. increased its position in LHC Group by 34.4% during the fourth quarter. Baird Financial Group Inc. now owns 4,299 shares of the health services provider’s stock valued at $592,000 after acquiring an additional 1,101 shares during the last quarter. Geode Capital Management LLC increased its position in LHC Group by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 404,820 shares of the health services provider’s stock worth $55,768,000 after buying an additional 11,249 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in LHC Group by 65.5% in the fourth quarter. Macquarie Group Ltd. now owns 24,595 shares of the health services provider’s stock worth $3,388,000 after buying an additional 9,731 shares in the last quarter. Institutional investors own 94.55% of the company’s stock.

A number of analysts have commented on the company. Benchmark upped their price target on LHC Group from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. UBS Group reduced their price target on LHC Group from $179.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. SunTrust Banks upped their price target on LHC Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. BidaskClub upgraded LHC Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Deutsche Bank upped their price target on LHC Group from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $163.60.

NASDAQ LHCG opened at $195.11 on Friday. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 61.74, a price-to-earnings-growth ratio of 3.63 and a beta of 0.49. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $176.08 and a 200-day moving average price of $149.60. LHC Group, Inc. has a twelve month low of $100.00 and a twelve month high of $199.72.

LHC Group (NASDAQ:LHCG) last released its quarterly earnings data on Thursday, May 7th. The health services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $512.90 million during the quarter, compared to analyst estimates of $504.41 million. LHC Group had a return on equity of 8.89% and a net margin of 4.73%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. Research analysts expect that LHC Group, Inc. will post 4.26 EPS for the current fiscal year.

LHC Group Company Profile

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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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