State of Tennessee Treasury Department Trims Holdings in LHC Group, Inc. (NASDAQ:LHCG)

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State of Tennessee Treasury Department trimmed its position in LHC Group, Inc. (NASDAQ:LHCG) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 20,413 shares of the health services provider’s stock after selling 582 shares during the period. State of Tennessee Treasury Department’s holdings in LHC Group were worth $2,318,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BB&T Securities LLC purchased a new position in shares of LHC Group during the 3rd quarter worth about $204,000. Columbus Circle Investors lifted its holdings in shares of LHC Group by 352.1% during the 3rd quarter. Columbus Circle Investors now owns 63,705 shares of the health services provider’s stock worth $7,234,000 after acquiring an additional 49,614 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of LHC Group by 0.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,696 shares of the health services provider’s stock worth $7,801,000 after acquiring an additional 470 shares during the period. Quest Capital Management Inc. ADV purchased a new position in shares of LHC Group during the 3rd quarter worth about $147,000. Finally, Sheets Smith Wealth Management lifted its holdings in shares of LHC Group by 3.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 5,978 shares of the health services provider’s stock worth $679,000 after acquiring an additional 220 shares during the period. Institutional investors own 90.90% of the company’s stock.

Several research analysts have recently weighed in on LHCG shares. Oppenheimer increased their price objective on shares of LHC Group from $125.00 to $146.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Deutsche Bank started coverage on shares of LHC Group in a report on Monday, September 16th. They set a “buy” rating and a $145.00 price objective on the stock. Barclays increased their price objective on shares of LHC Group from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. William Blair reiterated an “outperform” rating on shares of LHC Group in a report on Thursday. Finally, ValuEngine lowered shares of LHC Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $130.18.

NASDAQ LHCG opened at $126.36 on Friday. LHC Group, Inc. has a one year low of $88.18 and a one year high of $136.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.05 and a beta of 0.79. The company’s 50 day moving average price is $115.07 and its 200 day moving average price is $117.39.

LHC Group (NASDAQ:LHCG) last released its quarterly earnings results on Wednesday, November 6th. The health services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. LHC Group had a net margin of 4.20% and a return on equity of 8.83%. The business had revenue of $528.50 million during the quarter, compared to the consensus estimate of $534.15 million. During the same quarter last year, the company earned $0.95 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that LHC Group, Inc. will post 4.34 EPS for the current fiscal 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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Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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