Summit Creek Advisors LLC Increases Stake in LHC Group, Inc. (NASDAQ:LHCG)
Summit Creek Advisors LLC raised its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,872 shares of the health services provider’s stock after acquiring an additional 430 shares during the quarter. LHC Group comprises 3.1% of Summit Creek Advisors LLC’s portfolio, making the stock its 6th largest position. Summit Creek Advisors LLC owned approximately 0.49% of LHC Group worth $18,280,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Eqis Capital Management Inc. acquired a new stake in LHC Group in the second quarter worth $401,000. Foundry Partners LLC acquired a new stake in LHC Group in the second quarter worth $1,707,000. New York State Teachers Retirement System raised its holdings in LHC Group by 3.8% in the second quarter. New York State Teachers Retirement System now owns 46,126 shares of the health services provider’s stock worth $5,516,000 after purchasing an additional 1,700 shares during the period. Navellier & Associates Inc acquired a new stake in LHC Group in the second quarter worth $491,000. Finally, NEXT Financial Group Inc raised its holdings in LHC Group by 201.9% in the second quarter. NEXT Financial Group Inc now owns 3,487 shares of the health services provider’s stock worth $417,000 after purchasing an additional 2,332 shares during the period. 91.56% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John L. Indest sold 30,515 shares of LHC Group stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $113.76, for a total value of $3,471,386.40. Following the completion of the transaction, the director now owns 22,947 shares of the company’s stock, valued at approximately $2,610,450.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Donald Dwayne Stelly sold 448 shares of LHC Group stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $120.00, for a total transaction of $53,760.00. Following the completion of the transaction, the chief operating officer now directly owns 91,252 shares of the company’s stock, valued at approximately $10,950,240. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,269 shares of company stock valued at $5,314,613. 5.20% of the stock is owned by insiders.
LHC Group stock traded up $1.89 during mid-day trading on Friday, reaching $124.27. The company’s stock had a trading volume of 296,593 shares, compared to its average volume of 217,452. The stock has a market cap of $3.85 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. LHC Group, Inc. has a 12 month low of $80.84 and a 12 month high of $128.31. The firm’s 50 day simple moving average is $119.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.57 and a quick ratio of 1.57.
LHC Group (NASDAQ:LHCG) last released its earnings results on Wednesday, May 8th. The health services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The business had revenue of $502.59 million during the quarter, compared to the consensus estimate of $511.16 million. LHC Group had a net margin of 3.83% and a return on equity of 8.43%. As a group, analysts predict that LHC Group, Inc. will post 4.3 earnings per share for the current fiscal year.
LHC Group 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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