US Bancorp DE Sells 1,013 Shares of LHC Group, Inc. (NASDAQ:LHCG)

US Bancorp DE lowered its position in LHC Group, Inc. (NASDAQ:LHCG – Get Rating) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,180 shares of the health services provider’s stock after selling 1,013 shares during the quarter. US Bancorp DE’s holdings in LHC Group were worth $1,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new position in shares of LHC Group in the third quarter worth $90,000. Destiny Wealth Partners LLC increased its holdings in shares of LHC Group by 35.0% in the third quarter. Destiny Wealth Partners LLC now owns 1,882 shares of the health services provider’s stock worth $308,000 after purchasing an additional 488 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of LHC Group in the third quarter worth $1,358,000. FNY Investment Advisers LLC grew its position in LHC Group by 593.5% in the third quarter. FNY Investment Advisers LLC now owns 11,637 shares of the health services provider’s stock worth $1,904,000 after acquiring an additional 9,959 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in LHC Group in the third quarter worth $8,382,000. Institutional investors own 83.47% of the company’s stock.

LHC Group Stock Performance

NASDAQ LHCG opened at $162.38 on Wednesday. The company has a 50-day simple moving average of $164.17 and a two-hundred day simple moving average of $163.52. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. LHC Group, Inc. has a 12-month low of $112.25 and a 12-month high of $169.84. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 79.21, a PEG ratio of 21.81 and a beta of 0.44.

LHC Group (NASDAQ:LHCG – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The health services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.31). LHC Group had a net margin of 2.73% and a return on equity of 8.13%. The business had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $616.65 million. On average, equities analysts forecast that LHC Group, Inc. will post 4.32 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of LHC Group in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat, LHC Group has an average rating of “Hold” and a consensus price target of $172.50.

LHC Group Profile

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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).