State Board of Administration of Florida Retirement System Has $1.59 Million Stake in LHC Group, Inc. (NASDAQ:LHCG)

State Board of Administration of Florida Retirement System trimmed its position in LHC Group, Inc. (NASDAQ:LHCGGet Rating) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,217 shares of the health services provider’s stock after selling 1,120 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in LHC Group were worth $1,591,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. State Street Corp grew its position in LHC Group by 4.7% in the first quarter. State Street Corp now owns 1,003,678 shares of the health services provider’s stock valued at $169,220,000 after acquiring an additional 45,128 shares during the period. Versor Investments LP bought a new stake in LHC Group in the first quarter valued at $107,058,000. Dimensional Fund Advisors LP grew its position in LHC Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 614,278 shares of the health services provider’s stock valued at $103,567,000 after acquiring an additional 11,234 shares during the period. Bank of New York Mellon Corp grew its position in LHC Group by 26.3% in the first quarter. Bank of New York Mellon Corp now owns 452,386 shares of the health services provider’s stock valued at $76,271,000 after acquiring an additional 94,177 shares during the period. Finally, Bank of America Corp DE grew its position in LHC Group by 27.9% in the first quarter. Bank of America Corp DE now owns 390,999 shares of the health services provider’s stock valued at $65,923,000 after acquiring an additional 85,244 shares during the period. 87.82% of the stock is currently owned by institutional investors and hedge funds.

LHC Group Price Performance

Shares of LHCG stock opened at $167.26 on Thursday. The stock’s fifty day moving average is $165.20 and its 200-day moving average is $163.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $5.19 billion, a PE ratio of 81.59, a PEG ratio of 22.91 and a beta of 0.45. LHC Group, Inc. has a 52 week low of $108.42 and a 52 week high of $169.84.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on LHC Group in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, LHC Group has a consensus rating of “Hold” and a consensus target price of $172.50.

About LHC Group

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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).

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

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