LHC Group (LHCG) Holdings Cut by First Trust Advisors LP

First Trust Advisors LP cut its position in LHC Group (NASDAQ:LHCG) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,389 shares of the health services provider’s stock after selling 14,433 shares during the quarter. First Trust Advisors LP owned about 0.08% of LHC Group worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its stake in LHC Group by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the health services provider’s stock worth $329,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System lifted its stake in LHC Group by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock worth $531,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its stake in LHC Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 10,944 shares of the health services provider’s stock worth $743,000 after purchasing an additional 153 shares in the last quarter. Mason Street Advisors LLC lifted its stake in LHC Group by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,485 shares of the health services provider’s stock worth $188,000 after purchasing an additional 228 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in LHC Group by 1.2% in the 1st quarter. Legal & General Group Plc now owns 25,087 shares of the health services provider’s stock worth $1,353,000 after purchasing an additional 290 shares in the last quarter. Institutional investors and hedge funds own 85.93% of the company’s stock.

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Shares of LHC Group (LHCG) opened at 64.79 on Thursday. LHC Group has a 52-week low of $32.04 and a 52-week high of $69.35. The stock has a market cap of $1.18 billion, a PE ratio of 28.67 and a beta of 0.76. The stock’s 50 day moving average is $63.81 and its 200 day moving average is $60.05.

LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The firm had revenue of $260.20 million during the quarter, compared to analyst estimates of $254.10 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. LHC Group’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts forecast that LHC Group will post $2.39 earnings per share for the current year.

In related news, COO Donald Dwayne Stelly sold 2,650 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $65.34, for a total transaction of $173,151.00. Following the completion of the transaction, the chief operating officer now owns 109,235 shares in the company, valued at $7,137,414.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.80% of the stock is currently owned by corporate insiders.

LHCG has been the topic of several recent analyst reports. Zacks Investment Research cut shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 target price on shares of LHC Group in a research note on Tuesday, July 18th. BidaskClub cut shares of LHC Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $68.00 target price on shares of LHC Group in a research note on Friday, August 4th. Finally, Benchmark Co. increased their target price on shares of LHC Group from $63.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, June 8th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. LHC Group has a consensus rating of “Buy” and an average price target of $66.60.

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.

Institutional Ownership by Quarter for LHC Group (NASDAQ:LHCG)

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