Worth Watching: Time to Buy LHC Group, Inc. After Achieving 52-Week Low?

Worth Watching: Time to Buy LHC Group, Inc. After Achieving 52 Week Low?

The stock of LHC Group, Inc. (NASDAQ:LHCG) hit a new 52-week low and has $31.55 target or 7.00% below today’s $33.93 share price. The 5 months bearish chart indicates high risk for the $587.73M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $31.55 price target is reached, the company will be worth $41.14M 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. The stock increased 3.76% or $1.23 during the last trading session, hitting $33.93. About 101,010 shares traded hands. LHC Group, Inc. (NASDAQ:LHCG) has declined 8.04% since March 31, 2016 and is downtrending. It has underperformed by 10.57% the S&P500.

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 has “Outperform” rating given by Wells Fargo on Tuesday, September 1. The rating was initiated by Stephens with “Overweight” on Friday, June 17. Jefferies initiated the shares of LHCG in a report on Friday, February 5 with “Buy” rating. The firm has “Outperform” rating given on Friday, August 7 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 Q2 2016. Its up 0.17, from 1.22 in 2016Q1. The ratio is positive, 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.
C M Bidwell And Assocs Ltd has 0.05% invested in the company for 4,390 shares. Strs Ohio holds 18,000 shares or 0% of its portfolio. Moreover, Boston Limited Liability has 0.14% invested in LHC Group, Inc. (NASDAQ:LHCG) for 128,999 shares. Gotham Asset Lc reported 38,935 shares or 0.02% of all its holdings. Eqis Capital Mngmt Inc reported 8,278 shares or 0.02% of all its holdings. The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0% in LHC Group, Inc. (NASDAQ:LHCG). Moreover, Us National Bank & Trust De has 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 890 shares. Moreover, Federated Pa has 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 2,092 shares. Acadian Asset Mgmt Lc accumulated 0.02% or 95,913 shares. Walthausen And Communications accumulated 1.37% or 305,682 shares. Everpoint Asset Mgmt Lc accumulated 0.24% or 285,000 shares. Vanguard Group Inc Inc holds 0% or 1.45 million shares in its portfolio. Oberweis Asset holds 0.27% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 21,300 shares. Point72 Asset Management Lp holds 0.01% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 31,700 shares. Ls Limited Liability Company holds 0% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG) for 541 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 6 insider sales for $13.75 million net activity. Thorpe Kenneth E sold $53,476 worth of stock or 1,450 shares. Stelly Donald Dwayne also sold $57,747 worth of LHC Group, Inc. (NASDAQ:LHCG) shares. Shares for $2.01M were sold by Myers Keith G on Thursday, May 26. 140,000 shares with value of $6.11 million were sold by Coliseum Capital Management – LLC on Tuesday, June 7. On Friday, June 10 Proffitt Joshua L. sold $232,187 worth of the stock or 5,444 shares.

More recent LHC Group, Inc. (NASDAQ:LHCG) news were published by: Businesswire.com which released: “LHC Group and LifePoint Health to Form Joint Venture” on November 02, 2016. Also Businesswire.com published the news titled: “LHC Group Earns High Marks in Quality and Patient Satisfaction” on October 27, 2016. Globenewswire.com‘s news article titled: “LHC Group to Acquire Halcyon Hospice” with publication date: September 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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