The stock of LHC Group, Inc. (NASDAQ:LHCG) hit a new 52-week low and has $31.07 target or 5.00% below today’s $32.71 share price. The 5 months bearish chart indicates high risk for the $559.64 million company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $31.07 price target is reached, the company will be worth $27.98 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 192,212 shares traded hands or 62.21% up from the average. LHC Group, Inc. (NASDAQ:LHCG) has declined 4.86% since March 28, 2016 and is downtrending. It has underperformed by 9.57% the S&P500.
Analysts await LHC Group, Inc. (NASDAQ:LHCG) to report earnings on November, 2. They expect $0.50 earnings per share, 0.00% or $0.00 from last year’s $0.5 per share. LHCG’s profit will be $8.55 million for 16.36 P/E if the $0.50 EPS becomes a reality. After $0.52 actual earnings per share reported by LHC Group, Inc. for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.
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. LHC Group has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Wells Fargo with “Outperform” on Tuesday, September 1. The stock of LHC Group, Inc. (NASDAQ:LHCG) earned “Outperform” rating by Oppenheimer on Friday, August 7. The company was initiated on Friday, February 5 by Jefferies. As per Friday, June 17, the company rating was initiated by Stephens.
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.”
Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.17, from 1.22 in 2016Q1. The ratio improved, 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.
Kcg Holding holds 0.01% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 9,820 shares. Alliancebernstein L P last reported 20,124 shares in the company. Moreover, Voya Inv Mngmt Lc has 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 5,823 shares. Boston Advsr Ltd Liability Company, a Massachusetts-based fund reported 128,999 shares. Ativo Cap Limited Liability Com owns 22,966 shares or 0.24% of their US portfolio. Jacobs Levy Equity Management last reported 19,335 shares in the company. The California-based Tcw Grp has invested 0.01% in LHC Group, Inc. (NASDAQ:LHCG). Pub Sector Pension Inv Board last reported 0% of its portfolio in the stock. Moreover, Guggenheim Capital Ltd Liability Com has 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 36,657 shares. Walleye Trading Ltd Liability holds 0% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 1,400 shares. Manufacturers Life Insurance The owns 10,289 shares or 0% of their US portfolio. Cubist Systematic Strategies Ltd Liability Co reported 2,357 shares or 0.01% of all its holdings. Connor Clark Lunn Management last reported 0% of its portfolio in the stock. Everpoint Asset Mngmt Limited Liability holds 0.24% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 285,000 shares. Teachers Retirement System Of The State Of Kentucky holds 6,100 shares or 0% of its portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 6 insider sales for $13.75 million net activity. Another trade for 140,000 shares valued at $6.11 million was sold by Coliseum Capital Management – LLC. On Friday, June 10 the insider Proffitt Joshua L. sold $232,187. $5.29 million worth of LHC Group, Inc. (NASDAQ:LHCG) was sold by Myers Keith G. Thorpe Kenneth E had sold 1,450 shares worth $53,476 on Monday, August 22. Stelly Donald Dwayne also sold $57,747 worth of LHC Group, Inc. (NASDAQ:LHCG) shares.
More news for LHC Group, Inc. (NASDAQ:LHCG) were recently published by: Businesswire.com, which released: “LHC Group Earns High Marks in Quality and Patient Satisfaction” on October 27, 2016. Globenewswire.com‘s article titled: “LHC Group to Acquire Halcyon Hospice” and published on September 03, 2015 is yet another important article.
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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