LHC Group, Inc. (LHCG) Holdings Boosted by First Light Asset Management LLC

First Light Asset Management LLC grew its position in shares of LHC Group, Inc. (NASDAQ:LHCG) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,999 shares of the health services provider’s stock after buying an additional 3,192 shares during the quarter. LHC Group accounts for approximately 1.0% of First Light Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. First Light Asset Management LLC owned 0.39% of LHC Group worth $4,432,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LHCG. BlackRock Inc. raised its holdings in shares of LHC Group by 6.4% in the 1st quarter. BlackRock Inc. now owns 2,611,003 shares of the health services provider’s stock worth $160,732,000 after purchasing an additional 156,347 shares during the period. Northern Trust Corp raised its holdings in shares of LHC Group by 4.7% in the 1st quarter. Northern Trust Corp now owns 377,192 shares of the health services provider’s stock worth $23,220,000 after purchasing an additional 16,931 shares during the period. Coliseum Capital Management LLC raised its holdings in shares of LHC Group by 177.6% in the 1st quarter. Coliseum Capital Management LLC now owns 277,604 shares of the health services provider’s stock worth $17,089,000 after purchasing an additional 177,604 shares during the period. Wells Fargo & Company MN raised its holdings in shares of LHC Group by 99.4% in the 1st quarter. Wells Fargo & Company MN now owns 204,363 shares of the health services provider’s stock worth $12,581,000 after purchasing an additional 101,854 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of LHC Group by 558.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 200,000 shares of the health services provider’s stock worth $12,250,000 after purchasing an additional 169,620 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on LHCG. BidaskClub raised shares of LHC Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. ValuEngine raised shares of LHC Group from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. William Blair reaffirmed a “buy” rating on shares of LHC Group in a report on Sunday, May 6th. Craig Hallum lifted their price target on shares of LHC Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, April 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $84.00 price target on shares of LHC Group in a report on Wednesday, April 4th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.33.

Shares of LHCG stock opened at $81.31 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.24. LHC Group, Inc. has a 1 year low of $56.76 and a 1 year high of $82.55. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.27 and a beta of 0.68.

LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, May 2nd. The health services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. LHC Group had a net margin of 4.07% and a return on equity of 9.29%. The business had revenue of $291.10 million for the quarter, compared to analysts’ expectations of $295.21 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. sell-side analysts expect that LHC Group, Inc. will post 3.5 EPS for the current fiscal year.

In other LHC Group news, SVP Jeff Reibel sold 3,000 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the senior vice president now owns 12,546 shares of the company’s stock, valued at approximately $907,703.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Donald Dwayne Stelly sold 3,307 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $79.76, for a total transaction of $263,766.32. Following the sale, the chief operating officer now directly owns 109,145 shares in the company, valued at approximately $8,705,405.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,863 shares of company stock worth $1,274,628 in the last three months. Insiders own 6.80% of the company’s stock.

LHC Group Company 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 operates through four segments: Home Health Services, Hospice Services, Community-Based Services, and Facility-Based Services. The 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.

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

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