LHC Group Inc (NASDAQ:LHCG) Trading Volume Significantly Higher

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LHC Group Inc shares had a trading volume of 816K in the last trading session. Volume was up 302.99% over the stocks average daily volume.

Traders are feeling more bearish on shares of LHC Group Inc recently if you consider the change in short interest. The stock recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 6.08%. Short shares grew from 1,039,919 to 1,103,165 over that period. Days to cover decreased from 8.0 to 7.0 and the short interest percentage is 0.06% as of October 13.

The following firms have recently changed their position in LHCG. As of the end of the quarter Peak6 Investments, L.p. had disposed of 23,100 shares trimming its position 50.4%. The value of the investment in LHC Group Inc decreased from $3,109,000 to $1,610,000 decreasing 48.2% since the last quarter. As of quarter end Gotham Asset Management, LLC had bought a total of 30,935 shares growing its stake by 233.9%. The value of the investment in (LHCG) went from $898,000 to $3,132,000 a change of 248.8% for the reporting period.

Two Sigma Advisers, Lp cut its holdings by selling 20,100 shares a decrease of 30.7%. Two Sigma Advisers, Lp now holds 45,291 shares valued at $3,212,000. The value of the position overall is down by 27.6%. As of the end of the quarter Geode Capital Management, LLC had bought a total of 19,795 shares growing its holdings by 14.7%. The value of the investment in LHCG went from $9,154,000 to $10,966,000 a change of $1,812,000 quarter over quarter.

Jefferies Group LLC raised the price target on November 7 changing the forecast from $0.00 to $83.00 with a rating of “Buy”. Equity analyst Royal Bank Of Canada raised the price target on November 7 boosting the projection from $70.00 to $81.00 with a “Outperform” recommendation.

November 7 investment analysts at Craig Hallum left the company rating at “Buy” with a current price target of $80.00. Oppenheimer Holdings raised the price target of the stock on November 7 changing the price objective from $68.00 to $80.00 and issued a “Outperform” recommendation.

On November 3 SunTrust Banks held the stock rating at “Buy” projecting a price of $75.00. September 12 investment analysts at Robert W. Baird maintained a company rating of “Hold” targeting a price of $63.00.

The company is down from yesterday’s close of 67.93. The most current P/E ratio is 28.84 and market cap is 1.23B. As of the latest earnings report the EPS was $2.32 with 18.28M shares outstanding.

LHC Group, Inc., launched on January 20, 2005, 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. As of December 31, 2016, through its subsidiaries, equity joint ventures and controlled affiliates, the Company operated in 372 service providers in 26 states within the continental United States..