United Services Automobile Association trimmed its stake in shares of LHC Group, Inc. (NASDAQ:LHCG) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,804 shares of the health services provider’s stock after selling 234 shares during the period. United Services Automobile Association’s holdings in LHC Group were worth $814,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in LHCG. Tower Research Capital LLC TRC acquired a new position in LHC Group during the second quarter valued at $39,000. Security National Trust Co. acquired a new position in LHC Group in the 2nd quarter worth about $120,000. Pinnacle Financial Partners Inc. acquired a new position in LHC Group in the 2nd quarter worth about $213,000. Miles Capital Inc. increased its position in LHC Group by 7.9% in the 2nd quarter. Miles Capital Inc. now owns 2,081 shares of the health services provider’s stock worth $249,000 after purchasing an additional 153 shares during the last quarter. Finally, Cavalier Investments LLC acquired a new position in LHC Group in the 2nd quarter worth about $275,000. 90.15% of the stock is owned by institutional investors and hedge funds.
Shares of LHCG stock opened at $111.67 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $3.52 billion, a P/E ratio of 31.46, a PEG ratio of 1.81 and a beta of 0.80. The stock’s 50-day moving average is $116.31 and its two-hundred day moving average is $116.07. LHC Group, Inc. has a fifty-two week low of $80.84 and a fifty-two week high of $129.37.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. The business had revenue of $517.84 million for the quarter, compared to analyst estimates of $524.24 million. LHC Group had a return on equity of 8.83% and a net margin of 4.20%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. As a group, research analysts expect that LHC Group, Inc. will post 4.34 EPS for the current year.
LHCG has been the topic of several research reports. UBS Group upped their target price on LHC Group from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Royal Bank of Canada set a $135.00 target price on LHC Group and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine lowered LHC Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. BidaskClub lowered LHC Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, Zacks Investment Research raised LHC Group from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. LHC Group presently has a consensus rating of “Buy” and an average price target of $130.00.
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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