Principal Financial Group Inc. boosted its position in shares of LHC Group Inc. (NASDAQ:LHCG) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 92,232 shares of the company’s stock after buying an additional 3,191 shares during the period. Principal Financial Group Inc. owned about 0.51% of LHC Group worth $3,992,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LHCG. Swiss National Bank raised its stake in shares of LHC Group by 14.3% in the second quarter. Swiss National Bank now owns 24,835 shares of the company’s stock worth $1,075,000 after buying an additional 3,100 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of LHC Group by 13.9% in the second quarter. California State Teachers Retirement System now owns 31,425 shares of the company’s stock worth $1,360,000 after buying an additional 3,839 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of LHC Group during the second quarter worth about $1,259,000. Hood River Capital Management LLC raised its stake in shares of LHC Group by 17.2% in the second quarter. Hood River Capital Management LLC now owns 171,516 shares of the company’s stock worth $7,423,000 after buying an additional 25,207 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of LHC Group by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock worth $251,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.
Shares of LHC Group Inc. (NASDAQ:LHCG) opened at 32.48 on Friday. The company has a 50-day moving average of $36.56 and a 200-day moving average of $40.05. LHC Group Inc. has a 1-year low of $32.24 and a 1-year high of $49.34. The stock has a market capitalization of $589.61 million, a price-to-earnings ratio of 17.01 and a beta of 0.64.
LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. LHC Group had a return on equity of 9.64% and a net margin of 3.87%. The business earned $226 million during the quarter, compared to the consensus estimate of $221.09 million. During the same period last year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts expect that LHC Group Inc. will post $1.99 EPS for the current fiscal year.
LHCG has been the subject of a number of recent analyst reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $46.00 target price (down from $50.00) on shares of LHC Group in a research note on Tuesday, September 13th. Zacks Investment Research raised shares of LHC Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $47.71.
In other LHC Group news, Director Kenneth E. Thorpe sold 1,450 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $36.88, for a total value of $53,476.00. Following the completion of the sale, the director now directly owns 17,550 shares of the company’s stock, valued at approximately $647,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.30% of the stock is owned by company insiders.
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, 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.