Stifel Financial Corp Boosts Position in LHC Group, Inc. (NASDAQ:LHCG)

Stifel Financial Corp lifted its stake in shares of LHC Group, Inc. (NASDAQ:LHCG) by 64.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,781 shares of the health services provider’s stock after acquiring an additional 41,036 shares during the period. Stifel Financial Corp owned 0.33% of LHC Group worth $11,930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lisanti Capital Growth LLC raised its holdings in shares of LHC Group by 14.3% during the 3rd quarter. Lisanti Capital Growth LLC now owns 41,980 shares of the health services provider’s stock worth $4,767,000 after acquiring an additional 5,240 shares during the period. Trillium Asset Management LLC raised its holdings in shares of LHC Group by 0.4% during the 3rd quarter. Trillium Asset Management LLC now owns 84,546 shares of the health services provider’s stock worth $9,601,000 after acquiring an additional 375 shares during the period. TimesSquare Capital Management LLC raised its holdings in shares of LHC Group by 4.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 580,690 shares of the health services provider’s stock worth $65,943,000 after acquiring an additional 22,640 shares during the period. BBVA USA Bancshares Inc. purchased a new stake in LHC Group in the 3rd quarter valued at about $375,000. Finally, Mason Street Advisors LLC raised its holdings in LHC Group by 2.9% in the 3rd quarter. Mason Street Advisors LLC now owns 10,057 shares of the health services provider’s stock valued at $1,142,000 after buying an additional 281 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

Shares of NASDAQ:LHCG opened at $130.12 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $4.20 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The firm’s 50-day moving average is $123.56 and its two-hundred day moving average is $119.68. LHC Group, Inc. has a 1 year low of $88.18 and a 1 year high of $136.67.

LHC Group (NASDAQ:LHCG) last issued its quarterly earnings results on Wednesday, November 6th. The health services provider reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.18. The company had revenue of $528.50 million for the quarter, compared to analyst estimates of $534.15 million. LHC Group had a net margin of 4.59% and a return on equity of 9.39%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Analysts expect that LHC Group, Inc. will post 4.46 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. Stephens assumed coverage on shares of LHC Group in a report on Monday, October 21st. They issued an “overweight” rating and a $132.00 price objective on the stock. William Blair restated an “outperform” rating on shares of LHC Group in a report on Thursday, November 7th. UBS Group boosted their price objective on shares of LHC Group from $133.00 to $136.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Zacks Investment Research upgraded shares of LHC Group from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a report on Thursday, September 19th. Finally, Royal Bank of Canada set a $135.00 price objective on shares of LHC Group and gave the company a “buy” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $130.18.

About LHC Group

LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.

Read More: What does a hold rating mean?

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

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