Mckinley Capital Management LLC Delaware Invests $1.57 Million in LHC Group, Inc. (LHCG)

Mckinley Capital Management LLC Delaware purchased a new stake in shares of LHC Group, Inc. (NASDAQ:LHCG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,685 shares of the health services provider’s stock, valued at approximately $1,573,000. Mckinley Capital Management LLC Delaware owned 0.14% of LHC Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Nine Chapters Capital Management LLC acquired a new position in shares of LHC Group during the third quarter valued at $255,000. Public Employees Retirement System of Ohio increased its holdings in shares of LHC Group by 4,288.5% during the third quarter. Public Employees Retirement System of Ohio now owns 56,129 shares of the health services provider’s stock valued at $3,981,000 after purchasing an additional 54,850 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of LHC Group by 54.0% during the third quarter. BNP Paribas Arbitrage SA now owns 8,662 shares of the health services provider’s stock valued at $614,000 after purchasing an additional 3,037 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of LHC Group during the third quarter valued at $2,448,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of LHC Group by 8.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 113,771 shares of the health services provider’s stock valued at $8,069,000 after purchasing an additional 9,078 shares during the period. 84.63% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on LHCG. BidaskClub raised LHC Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. Zacks Investment Research raised LHC Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Robert W. Baird reaffirmed a “hold” rating and set a $69.00 target price on shares of LHC Group in a report on Friday, November 10th. Royal Bank of Canada lifted their target price on LHC Group from $70.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Finally, Oppenheimer lifted their target price on LHC Group from $68.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. LHC Group presently has an average rating of “Buy” and an average price target of $77.10.

LHC Group, Inc. (NASDAQ:LHCG) opened at $63.00 on Thursday. The stock has a market capitalization of $1,152.88, a PE ratio of 27.16, a P/E/G ratio of 1.69 and a beta of 0.71. LHC Group, Inc. has a fifty-two week low of $46.90 and a fifty-two week high of $76.14. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24.

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About LHC Group

LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.

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

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