November 23, 2016 - By Hazel Jackson
Keith Myers, an insider and also CEO and Chairman of the leading company Lhc Group Inc made a stocks unload, which can’t remain hidden. He made a sale of 44,897 shares of the firm with the deal having a total value of $1,954,659 U.S Dollars – which is calculated based on a stock price of $43.5 for a share. In the last month, he also sold 40,051 shares worth total $1,749,515 USD. The massive trade is sure to get stock market traders talking for the company. Keith Myers now holds 1.54 million shares of the Firm.
Out of 6 analysts covering LHC Group (NASDAQ:LHCG), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $55 is the highest target while $47 is the lowest. The $51.75 average target is 18.91% above today’s ($43.52) stock price. LHC Group has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Jefferies on Friday, February 5 with “Buy”. Wells Fargo initiated the shares of LHCG in a report on Tuesday, September 1 with “Outperform” rating. The stock has “Overweight” rating given by Stephens on Friday, June 17. Oppenheimer maintained the shares of LHCG in a report on Friday, August 7 with “Outperform” rating.
Insitutional Activity: The institutional sentiment decreased to 1.38 in 2016 Q2. Its down 0.01, from 1.39 in 2016Q1. The ratio worsened, as 16 funds sold all LHC Group, Inc. shares owned while 46 reduced positions. 26 funds bought stakes while 60 increased positions. They now own 14.57 million shares or 2.43% more from 14.23 million shares in 2016Q1.
Segall Bryant And Hamill Ltd Liability, a Illinois-based fund reported 45,631 shares. Tcw Group holds 0.01% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 20,608 shares. Vanguard Gp Incorporated reported 1.45 million shares or 0% of all its holdings. Invesco Limited has invested 0% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG). First Light Asset Management Ltd Liability Corporation holds 4.55% or 226,943 shares in its portfolio. D E Shaw holds 0.01% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 105,692 shares. Price T Rowe Associates Md last reported 11,130 shares in the company. Allianz Asset Ag owns 48,067 shares or 0% of their US portfolio. Credit Suisse Ag has 23,683 shares for 0% of their US portfolio. Zacks Invest Management has 24,984 shares for 0.03% of their US portfolio. Moreover, Walthausen And Lc has 1.37% invested in LHC Group, Inc. (NASDAQ:LHCG) for 305,682 shares. Moreover, Trexquant Limited Partnership has 0.04% invested in LHC Group, Inc. (NASDAQ:LHCG) for 6,314 shares. Swiss Commercial Bank has 0% invested in the company for 24,835 shares. Endurant Cap Management Ltd Partnership holds 72,200 shares or 1.04% of its portfolio. M&T Savings Bank Corp accumulated 0% or 7,254 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 9 insider sales for $10.38 million net activity. Shares for $2.01 million were sold by Myers Keith G on Thursday, May 26. $53,476 worth of shares were sold by Thorpe Kenneth E on Monday, August 22. Shares for $1.98M were sold by Coliseum Capital Management – LLC on Tuesday, November 15. $232,187 worth of shares were sold by Proffitt Joshua L. on Friday, June 10. Shares for $57,747 were sold by Stelly Donald Dwayne.
About 93,075 shares traded hands. LHC Group, Inc. (NASDAQ:LHCG) has risen 9.94% since April 21, 2016 and is uptrending. It has outperformed by 4.61% the S&P500.
LHC Group, Inc. is a holding company. The company has a market cap of $794.34 million. The Firm provides post-acute healthcare services to patients through its home nursing agencies, community services agencies and long-term acute care hospitals . It has a 22.29 P/E ratio. The Firm operates through four divisions: home health services, hospice services, community services and facility services.
According to Zacks Investment Research, “LHC Group provides post-acute healthcare services primarily to Medicare beneficiaries in rural markets in the southern United States. They provide home-based services through their home nursing agencies and hospices and facility-based services through their long-term acute care hospitals and outpatient rehabilitation clinics.”
Analysts await LHC Group, Inc. (NASDAQ:LHCG) to report earnings on March, 1. They expect $0.57 EPS, up 7.55% or $0.04 from last year’s $0.53 per share. LHCG’s profit will be $10.40M for 19.09 P/E if the $0.57 EPS becomes a reality. After $0.54 actual EPS reported by LHC Group, Inc. for the previous quarter, Wall Street now forecasts 5.56% EPS growth.
Another recent and important LHC Group, Inc. (NASDAQ:LHCG) news was published by Globenewswire.com which published an article titled: “LHC Group to Acquire Halcyon Hospice” on September 03, 2015.
LHC Group, Inc., incorporated on January 20, 2005, is a holding company. The Firm provides post-acute healthcare services to patients through its home nursing agencies, community services agencies and long-term acute care hospitals (LTACHs). The Firm operates through four divisions: home health services, hospice services, community services and facility services. The Company, through its subsidiaries, equity joint ventures and controlled affiliates, operates in over 360 service providers in approximately 20 states within the continental United States.
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