Legal & General Group Plc raised its position in LHC Group (NASDAQ:LHCG) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,087 shares of the health services provider’s stock after buying an additional 290 shares during the period. Legal & General Group Plc owned approximately 0.14% of LHC Group worth $1,353,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of LHCG. Russell Investments Group Ltd. acquired a new position in shares of LHC Group during the fourth quarter worth about $1,535,000. Comerica Bank increased its position in shares of LHC Group by 5.8% in the fourth quarter. Comerica Bank now owns 15,836 shares of the health services provider’s stock worth $732,000 after buying an additional 863 shares during the period. State Street Corp increased its position in shares of LHC Group by 7.8% in the fourth quarter. State Street Corp now owns 373,936 shares of the health services provider’s stock worth $17,094,000 after buying an additional 26,915 shares during the period. Thrivent Financial for Lutherans increased its position in shares of LHC Group by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,050 shares of the health services provider’s stock worth $368,000 after buying an additional 450 shares during the period. Finally, Norges Bank acquired a new position in shares of LHC Group during the fourth quarter worth about $7,913,000. 84.63% of the stock is owned by institutional investors and hedge funds.
Shares of LHC Group (NASDAQ LHCG) opened at 60.03 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 26.56 and a beta of 0.77. LHC Group has a 12-month low of $32.04 and a 12-month high of $69.35. The stock’s 50 day moving average price is $64.67 and its 200 day moving average price is $56.16.
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A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut LHC Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating on shares of LHC Group in a report on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price target on shares of LHC Group in a report on Friday, June 9th. BidaskClub cut LHC Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Benchmark Co. increased their target price on LHC Group from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $64.38.
In other LHC Group news, Director Coliseum Capital Management, L sold 8,632 shares of LHC Group stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $60.25, for a total transaction of $520,078.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Donald Dwayne Stelly sold 3,181 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $64.97, for a total transaction of $206,669.57. Following the transaction, the chief operating officer now owns 114,235 shares in the company, valued at $7,421,847.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 682,839 shares of company stock worth $42,140,531. Corporate insiders own 14.80% of the company’s stock.
About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.
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