LHC Group, Inc. (LHCG) Holdings Lessened by Texas Permanent School Fund

Texas Permanent School Fund reduced its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,997 shares of the health services provider’s stock after selling 882 shares during the quarter. Texas Permanent School Fund’s holdings in LHC Group were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of LHC Group by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,254 shares of the health services provider’s stock worth $832,000 after acquiring an additional 372 shares in the last quarter. American International Group Inc. increased its holdings in shares of LHC Group by 7.2% in the third quarter. American International Group Inc. now owns 12,533 shares of the health services provider’s stock worth $889,000 after acquiring an additional 840 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of LHC Group by 15.9% in the third quarter. Wedge Capital Management L L P NC now owns 7,527 shares of the health services provider’s stock worth $534,000 after acquiring an additional 1,035 shares in the last quarter. Comerica Bank increased its holdings in shares of LHC Group by 9.1% in the third quarter. Comerica Bank now owns 17,125 shares of the health services provider’s stock worth $1,145,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of LHC Group by 758.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,716 shares of the health services provider’s stock worth $116,000 after acquiring an additional 1,516 shares in the last quarter. Institutional investors own 84.63% of the company’s stock.

LHC Group, Inc. (NASDAQ LHCG) opened at $63.39 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1,159.09, a PE ratio of 27.21, a P/E/G ratio of 1.64 and a beta of 0.71. LHC Group, Inc. has a fifty-two week low of $47.29 and a fifty-two week high of $76.14.

LHCG has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $75.00 price target on shares of LHC Group in a report on Friday, November 3rd. Jefferies Group increased their price objective on LHC Group from $68.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Royal Bank of Canada increased their price objective on LHC Group from $70.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Craig Hallum reiterated a “buy” rating and set a $80.00 price objective (up from $67.00) on shares of LHC Group in a report on Tuesday, November 7th. Finally, Oppenheimer increased their price objective on LHC Group from $68.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $77.10.

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LHC Group Company Profile

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

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