Is Major Move Coming For LHC Group, Inc. (LHCG) After This Head & Shoulders?

September 17, 2017 - By Michael Collier

Investors sentiment increased to 1.39 in 2016 Q4. Its up 0.01, from 1.38 in 2016Q3. It is positive, as 15 investors sold LHC Group, Inc. shares while 46 reduced holdings. 29 funds opened positions while 56 raised stakes. 14.56 million shares or 0.46% less from 14.63 million shares in 2016Q3 were reported.
Principal Fin Gp holds 0.01% or 109,724 shares in its portfolio. Zacks Invest Mgmt reported 8,244 shares stake. 13,577 were accumulated by Gsa Cap Prns Llp. Aqr Cap Management Lc has 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 63,422 shares. Schwab Charles Investment Mgmt reported 0% stake. Blackrock Advisors Lc holds 10,808 shares or 0% of its portfolio. Parkside Bank & Trust And stated it has 0% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG). Nine Chapters Capital Lc has 0.37% invested in LHC Group, Inc. (NASDAQ:LHCG). First Light Asset Management Limited Liability Corp invested in 4.42% or 219,992 shares. Denver Inv Advsr Ltd Company has invested 0.03% in LHC Group, Inc. (NASDAQ:LHCG). Tiaa Cref Ltd Liability invested 0% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG). State Of Alaska Department Of Revenue has invested 0.01% in LHC Group, Inc. (NASDAQ:LHCG). Blair William & Il, a Illinois-based fund reported 7,000 shares. 48,284 are held by Jacobs Levy Equity Management. Hood River Mgmt Ltd Llc invested in 172,302 shares.

Since May 9, 2017, it had 0 buys, and 9 sales for $36.64 million activity. Stelly Donald Dwayne had sold 3,181 shares worth $206,670.

The stock of LHC Group, Inc. (LHCG) formed H&S with $62.95 target or 4.00 % below today’s $65.57 share price. The 6 months Head & Shoulders indicates high risk for the $1.20 billion company. It was reported on Sep, 17 by Faxor.com. If the $62.95 price target is reached, the company will be worth $48.00M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 1.17% or $0.76 on September 15, reaching $65.57. About 419,301 shares traded or 183.06% up from the average. LHC Group, Inc. (NASDAQ:LHCG) has risen 42.98% since September 17, 2016 and is uptrending. It has outperformed by 26.28% the S&P500.

Investors wait LHC Group, Inc. (NASDAQ:LHCG) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.60 earnings per share, up $0.06 or 11.11 % from last year’s $0.54 same quarter earnings. This translates into $10.98 million profit for LHCG giving the stock a 27.32 P/E. This is assuming the current $0.60 EPS is accurate. LHC Group, Inc.’s Wall Street analysts see -4.76 % negative EPS growth, taking into account the $0.63 EPS reproted in the previous quarter,

LHC Group, Inc. (NASDAQ:LHCG) Ratings Coverage

Among 9 analysts covering LHC Group (NASDAQ:LHCG), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. LHC Group had 18 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Tuesday, June 6. The stock of LHC Group, Inc. (NASDAQ:LHCG) has “Outperform” rating given on Friday, March 10 by RBC Capital Markets. The rating was initiated by Benchmark with “Buy” on Friday, January 27. The stock has “Overweight” rating by Stephens on Friday, June 17. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, August 3 report. The firm earned “Buy” rating on Friday, February 5 by Jefferies. The firm has “Outperform” rating by Wells Fargo given on Tuesday, September 1. Oppenheimer maintained the stock with “Buy” rating in Wednesday, August 2 report. The stock of LHC Group, Inc. (NASDAQ:LHCG) has “Buy” rating given on Monday, June 12 by RBC Capital Markets. As per Friday, August 7, the company rating was maintained by Oppenheimer.

More notable recent LHC Group, Inc. (NASDAQ:LHCG) news were published by: Businesswire.com which released: “LHC Group’s CMS Star Ratings Continue to Lead Home Healthcare Industry” on August 08, 2017, also Businesswire.com with their article: “LHC Group and CHRISTUS Health Announce Joint Venture Agreement” published on August 01, 2017, Globenewswire.com published: “LHC Group Second Quarter Earnings Per Diluted Share Increase 16.7% to $0.63 on …” on August 02, 2017. More interesting news about LHC Group, Inc. (NASDAQ:LHCG) were released by: Businesswire.com and their article: “LHC Group and CHRISTUS Health Finalize Joint Venture Agreement” published on September 01, 2017 as well as Businesswire.com‘s news article titled: “Company Profile for LHC Group” with publication date: August 11, 2017.

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