GABELLI & Co INVESTMENT ADVISERS INC. Acquires New Position in LHC Group, Inc. (NASDAQ:LHCG)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in LHC Group, Inc. (NASDAQ:LHCGGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,450 shares of the health services provider’s stock, valued at approximately $1,425,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in LHC Group in the first quarter valued at approximately $910,000. Virtu Financial LLC bought a new position in LHC Group in the first quarter valued at approximately $1,296,000. First Republic Investment Management Inc. increased its stake in LHC Group by 23.0% in the first quarter. First Republic Investment Management Inc. now owns 2,175 shares of the health services provider’s stock valued at $367,000 after acquiring an additional 407 shares during the last quarter. Guggenheim Capital LLC increased its stake in LHC Group by 195.7% in the first quarter. Guggenheim Capital LLC now owns 9,250 shares of the health services provider’s stock valued at $1,560,000 after acquiring an additional 6,122 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in LHC Group by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 167,343 shares of the health services provider’s stock valued at $28,214,000 after acquiring an additional 33,077 shares during the last quarter. 87.82% of the stock is owned by institutional investors.

LHC Group Stock Performance

NASDAQ LHCG opened at $162.64 on Wednesday. The firm’s fifty day moving average price is $162.00 and its two-hundred day moving average price is $160.36. The stock has a market cap of $5.05 billion, a PE ratio of 68.62, a PEG ratio of 4.46 and a beta of 0.49. LHC Group, Inc. has a fifty-two week low of $108.42 and a fifty-two week high of $175.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.37 and a current ratio of 1.37.

About LHC Group

(Get Rating)

LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. It operates through five segments: Home Health Services, Hospice Services, Home and Community-Based Services, Facility-Based Services, and Healthcare Innovations (HCI).

Featured Stories

Want to see what other hedge funds are holding LHCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LHC Group, Inc. (NASDAQ:LHCGGet Rating).

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

Receive News & Ratings for LHC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LHC Group and related companies with MarketBeat.com's FREE daily email newsletter.