Duality Advisers LP Invests $1.80 Million in LHC Group, Inc. (NASDAQ:LHCG)

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Duality Advisers LP acquired a new position in shares of LHC Group, Inc. (NASDAQ:LHCG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,343 shares of the health services provider’s stock, valued at approximately $1,803,000.

Several other hedge funds also recently made changes to their positions in the company. Campbell Newman Asset Management Inc. lifted its holdings in shares of LHC Group by 0.9% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 6,497 shares of the health services provider’s stock worth $1,133,000 after acquiring an additional 61 shares during the period. NEXT Financial Group Inc lifted its holdings in shares of LHC Group by 1.9% during the 2nd quarter. NEXT Financial Group Inc now owns 3,566 shares of the health services provider’s stock worth $622,000 after acquiring an additional 65 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of LHC Group by 5.9% during the 1st quarter. Moors & Cabot Inc. now owns 1,800 shares of the health services provider’s stock worth $252,000 after acquiring an additional 100 shares during the period. Zebra Capital Management LLC lifted its holdings in shares of LHC Group by 1.9% during the 1st quarter. Zebra Capital Management LLC now owns 6,249 shares of the health services provider’s stock worth $876,000 after acquiring an additional 115 shares during the period. Finally, Sawgrass Asset Management LLC increased its position in LHC Group by 7.0% during the 1st quarter. Sawgrass Asset Management LLC now owns 2,446 shares of the health services provider’s stock worth $343,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 94.55% of the company’s stock.

LHCG stock opened at $195.11 on Friday. LHC Group, Inc. has a twelve month low of $100.00 and a twelve month high of $199.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.16 billion, a P/E ratio of 61.74, a PEG ratio of 3.59 and a beta of 0.49. The firm has a 50 day simple moving average of $176.08 and a 200-day simple moving average of $149.60.

LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Thursday, May 7th. The health services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06. LHC Group had a return on equity of 8.89% and a net margin of 4.73%. The firm had revenue of $512.90 million for the quarter, compared to analysts’ expectations of $504.41 million. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts predict that LHC Group, Inc. will post 4.26 EPS for the current year.

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

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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