The stock of LHC Group, Inc. (NASDAQ:LHCG) is a huge mover today! About 95,722 shares traded hands. LHC Group, Inc. (NASDAQ:LHCG) has declined 8.40% since March 29, 2016 and is downtrending. It has underperformed by 11.88% the S&P500.
The move comes after 5 months positive chart setup for the $613.95M company. It was reported on Oct, 31 by Barchart.com. We have $50.67 PT which if reached, will make NASDAQ:LHCG worth $288.56M more.
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 $8.91 million for 17.24 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 stock of LHC Group, Inc. (NASDAQ:LHCG) has “Outperform” rating given on Tuesday, September 1 by Wells Fargo. Jefferies initiated LHC Group, Inc. (NASDAQ:LHCG) on Friday, February 5 with “Buy” rating. Stephens initiated the stock with “Overweight” rating in Friday, June 17 report. As per Friday, August 7, the company rating was maintained by Oppenheimer.
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 2016 Q2. 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.
Bnp Paribas Arbitrage has invested 0% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG). Clarivest Asset Limited Liability last reported 0.01% of its portfolio in the stock. Principal Finance Group has 0.01% invested in the company for 92,232 shares. The California-based Redmile Group Inc Limited Co has invested 0.02% in LHC Group, Inc. (NASDAQ:LHCG). Moreover, Us Financial Bank De has 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 890 shares. Schwab Charles Invest Mgmt, a California-based fund reported 51,924 shares. Millennium holds 366,021 shares or 0.04% of its portfolio. Ls Ltd Liability Company last reported 541 shares in the company. Kennedy Mgmt, a Missouri-based fund reported 75,157 shares. Connor Clark Lunn Inv Management Limited, a British Columbia – Canada-based fund reported 6,000 shares. Price T Rowe Associate Md owns 11,130 shares or 0% of their US portfolio. Wedge Cap L L P Nc holds 0% or 6,925 shares in its portfolio. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Victory Cap Mgmt Incorporated last reported 37,311 shares in the company. Hbk Invests Limited Partnership last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 6 selling transactions for $13.75 million net activity. Another trade for 49,000 shares valued at $2.01M was sold by Myers Keith G. Shares for $57,747 were sold by Stelly Donald Dwayne on Wednesday, June 8. Proffitt Joshua L. also sold $232,187 worth of LHC Group, Inc. (NASDAQ:LHCG) on Friday, June 10. Thorpe Kenneth E had sold 1,450 shares worth $53,476. $6.11 million worth of LHC Group, Inc. (NASDAQ:LHCG) was sold by Coliseum Capital Management – LLC on Tuesday, June 7.
More recent LHC Group, Inc. (NASDAQ:LHCG) news were published by: Businesswire.com which released: “LHC Group Earns High Marks in Quality and Patient Satisfaction” on October 27, 2016. Also Globenewswire.com published the news titled: “LHC Group to Acquire Halcyon Hospice” on September 03, 2015. Globenewswire.com‘s news article titled: “LHC Group Completes Two Home Health Acquisitions in Kentucky” with publication date: December 03, 2015 was also an interesting one.
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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