Analysts at StockNews.com started coverage on shares of LHC Group (NASDAQ:LHCG – Get Rating) in a note issued to investors on Saturday. The firm set a “hold” rating on the health services provider’s stock.
LHC Group Stock Performance
NASDAQ:LHCG opened at $169.81 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 82.83, a PEG ratio of 22.73 and a beta of 0.43. The firm has a fifty day simple moving average of $164.40 and a two-hundred day simple moving average of $164.48. LHC Group has a 12 month low of $115.32 and a 12 month high of $169.84.
Institutional Investors Weigh In On LHC Group
A number of large investors have recently bought and sold shares of LHCG. Brown Brothers Harriman & Co. grew its holdings in LHC Group by 84.6% in the second quarter. Brown Brothers Harriman & Co. now owns 216 shares of the health services provider’s stock worth $34,000 after purchasing an additional 99 shares during the period. Point72 Middle East FZE bought a new position in shares of LHC Group in the fourth quarter valued at $37,000. American National Bank bought a new position in shares of LHC Group in the third quarter valued at $42,000. Quadrant Capital Group LLC lifted its stake in shares of LHC Group by 48.3% in the second quarter. Quadrant Capital Group LLC now owns 304 shares of the health services provider’s stock valued at $47,000 after buying an additional 99 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in shares of LHC Group in the third quarter valued at $90,000. 83.47% of the stock is currently owned by institutional investors and hedge funds.
LHC Group Company Profile
LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.
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