SEC Insider Narrative: Is LHC Group, Inc. (NASDAQ:LHCG) Stock a Sell after Keith Myers’s Insider Trade?

November 29, 2016 - By Adrian Mccoy

SEC Insider Narrative: Is LHC Group, Inc. (NASDAQ:LHCG) Stock a Sell after Keith Myers's Insider Trade?

Keith Myers Insider Sell

Keith Myers, an insider of Lhc Group Inc, currently CEO and Chairman recently disclosed a substantial sale with the Washington-based Security and Exchange Commission. As disclosed in the public report, Keith Myers purchased 15,652 shares of the Louisiana-based company, priced at $43.6 per share. $683,020 U.S Dollars was the sale’s value. The SEC report’s date was November 29, 2016. This is not his first insider trade, in the last month, he sold another 84,948 shares worth $3,704,174 USD. This is a major stocks unloading, and one that is unlikely to remain a secret, as it decreased his ownership of the company to 8.53% market cap, for a total of 1.52 million shares.

LHC Group, Inc. (NASDAQ:LHCG) Ratings Coverage

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 20.21% above today’s ($43.05) 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 with “Buy” on Friday, February 5. Wells Fargo initiated LHC Group, Inc. (NASDAQ:LHCG) on Tuesday, September 1 with “Outperform” rating. The rating was maintained by Oppenheimer with “Outperform” on Friday, August 7. On Friday, June 17 the stock rating was initiated by Stephens with “Overweight”.

Insitutional Activity: The institutional sentiment decreased to 1.38 in Q2 2016. Its down 0.01, from 1.39 in 2016Q1. The ratio turned negative, 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.

Ubs Asset Management Americas Inc holds 4,735 shares or 0% of its portfolio. Strs Ohio has 18,000 shares for 0% of their US portfolio. Wasatch has 312,927 shares for 0.21% of their US portfolio. Manufacturers Life Insur Company The accumulated 10,289 shares or 0% of the stock. Bankshares Of America Corp De accumulated 4,209 shares or 0% of the stock. Comerica Bank has 0% invested in the company for 13,012 shares. Princeton Alpha Mngmt Limited Partnership accumulated 5,202 shares or 0.04% of the stock. State Street Corp has 0% invested in the company for 357,082 shares. Principal Fin Grp Inc reported 92,232 shares or 0.01% of all its holdings. Dimensional Fund Advisors Lp accumulated 0.03% or 1.12M shares. Goldman Sachs Gru accumulated 13,729 shares or 0% of the stock. Picton Mahoney Asset, a Ontario – Canada-based fund reported 2,800 shares. Marshall Wace Llp reported 28,396 shares or 0.01% of all its holdings. Sivik Glob Healthcare Ltd Company, a Connecticut-based fund reported 90,000 shares. Foundry Prns Limited Liability Co owns 64,125 shares or 0.16% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 10 sales for $12.33 million net activity. $87,696 worth of LHC Group, Inc. (NASDAQ:LHCG) was sold by Proffitt Joshua L. on Monday, November 7. 44,897 LHC Group, Inc. (NASDAQ:LHCG) shares with value of $1.95 million were sold by Myers Keith G. On Monday, November 7 Stelly Donald Dwayne sold $110,123 worth of the stock or 2,651 shares. The insider Coliseum Capital Management – LLC sold $6.11 million. Another trade for 1,450 shares valued at $53,476 was made by Thorpe Kenneth E on Monday, August 22.

About 162,443 shares traded hands. LHC Group, Inc. (NASDAQ:LHCG) has risen 6.86% since April 26, 2016 and is uptrending. It has outperformed by 1.60% the S&P500.

LHC Group, Inc. is a holding company. The company has a market cap of $765.87 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 21.93 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 earnings per share, up 7.55% or $0.04 from last year’s $0.53 per share. LHCG’s profit will be $10.14 million for 18.88 P/E if the $0.57 EPS becomes a reality. After $0.54 actual earnings per share 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.

LHCG Company Profile

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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