Latest Stocks: LHC Group, Inc. (LHCG) PT Raised to $65.00

Latest Stocks: LHC Group, Inc. (LHCG) PT Raised to $65.00

LHC Group, Inc. (NASDAQ:LHCG) had its price objective hoisted by Jefferies Group LLC from $56.00 to $65.00 in a research report released on Monday, May 15th, StockTargetPrices.com reports. The firm currently has a buy rating on the health services provider’s stock.

Several other analysts have also recently issued reports on LHCG. Royal Bank of Canada cut LHC Group from an outperform rating to a sector perform rating and upped their price objective for the company from $44.00 to $58.00 in a research note on Friday, March 10th. SunTrust Banks, Inc. upgraded LHC Group from a hold rating to a buy rating and upped their price objective for the company from $50.00 to $56.00 in a research note on Friday, March 10th. Zacks Investment Research upgraded LHC Group from a sell rating to a hold rating in a research note on Tuesday, March 14th. Oppenheimer Holdings Inc. restated an outperform rating and set a $68.00 price objective (up previously from $55.00) on shares of LHC Group in a research note on Monday, May 8th. Finally, Benchmark Co. began coverage on LHC Group in a research note on Friday, January 27th. They set a buy rating and a $55.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating, LHC Group has an average rating of Buy and a consensus price target of $62.25.

LHC Group (LHCG) opened at 62.64 on Monday. LHC Group has a 12-month low of $32.04 and a 12-month high of $66.30. The stock has a 50 day moving average price of $57.95 and a 200-day moving average price of $50.26. The stock has a market cap of $1.15 billion, a P/E ratio of 29.00 and a beta of 0.99. LHC Group (NASDAQ:LHCG) last released its quarterly earnings results on Wednesday, March 8th. The health services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. LHC Group had a return on equity of 9.59% and a net margin of 3.84%. The business had revenue of $235.44 million for the quarter, compared to analysts’ expectations of $233.82 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts expect that LHC Group will post $2.28 earnings per share for the current year.

LHC Group (LHCG) opened at 62.64 on Monday. LHC Group has a 12-month low of $32.04 and a 12-month high of $66.30. The stock has a 50 day moving average price of $57.95 and a 200-day moving average price of $50.26. The stock has a market cap of $1.15 billion, a P/E ratio of 29.00 and a beta of 0.99. In related news, Director Coliseum Capital Management, L sold 145,850 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $61.05, for a total value of $8,904,142.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald Dwayne Stelly sold 13,154 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $51.81, for a total value of $681,508.74. Following the completion of the transaction, the chief operating officer now directly owns 128,089 shares of the company’s stock, valued at $6,636,291.09. The disclosure for this sale can be found here. Insiders sold a total of 461,983 shares of company stock valued at $27,396,380 over the last three months. Corporate insiders own 18.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. raised its position in shares of LHC Group by 0.8% in the first quarter. Eqis Capital Management Inc. now owns 6,486 shares of the health services provider’s stock worth $350,000 after buying an additional 53 shares during the period. Louisiana State Employees Retirement System raised its position in shares of LHC Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the health services provider’s stock worth $329,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of LHC Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,485 shares of the health services provider’s stock worth $188,000 after buying an additional 228 shares during the last quarter. Legal & General Group Plc raised its position in shares of LHC Group by 1.2% in the first quarter. Legal & General Group Plc now owns 25,087 shares of the health services provider’s stock worth $1,353,000 after buying an additional 290 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of LHC Group by 4.1% in the first quarter. Thrivent Financial For Lutherans now owns 8,380 shares of the health services provider’s stock worth $452,000 after buying an additional 330 shares during the last quarter. 82.10% of the stock is owned by institutional investors and hedge funds. LHC Group Company Profile

Receive News & Ratings for LHC Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LHC Group Inc. and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment