Teachers Retirement System of The State of Kentucky lifted its holdings in shares of LHC Group, Inc. (NASDAQ:LHCG) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,082 shares of the health services provider’s stock after buying an additional 1,220 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in LHC Group were worth $8,977,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of LHC Group during the fourth quarter worth approximately $55,369,000. Sheets Smith Investment Management acquired a new position in shares of LHC Group during the fourth quarter worth approximately $1,626,000. Virtu Financial LLC acquired a new position in shares of LHC Group during the fourth quarter worth approximately $206,000. WCM Investment Management LLC boosted its position in shares of LHC Group by 0.3% during the fourth quarter. WCM Investment Management LLC now owns 54,784 shares of the health services provider’s stock worth $11,687,000 after buying an additional 151 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of LHC Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 99,373 shares of the health services provider’s stock worth $21,198,000 after buying an additional 2,782 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.
Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on LHC Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, February 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded LHC Group from a “hold” rating to a “sell” rating and set a $192.00 price objective for the company. in a research report on Wednesday, March 3rd. Truist upped their target price on LHC Group from $245.00 to $260.00 in a research report on Tuesday, January 5th. Finally, Credit Suisse Group assumed coverage on LHC Group in a research report on Monday, January 25th. They issued an “outperform” rating and a $255.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $229.11.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Thursday, February 25th. The health services provider reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The company had revenue of $532.33 million for the quarter, compared to analysts’ expectations of $533.67 million. LHC Group had a return on equity of 9.71% and a net margin of 5.00%. Equities analysts expect that LHC Group, Inc. will post 5.01 EPS for the current fiscal year.
LHC Group Profile
LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. The company's Home Health Services segment offers home nursing services, including wound care and dressing changes, cardiac rehabilitation, infusion therapy, pain management, pharmaceutical administration, skilled observation and assessment, and patient education; medically-oriented social services; and physical, occupational, and speech therapy services.
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