The EVP of LHC Group (NASDAQ: LHCG) is Selling Shares

By Carrie Williams

Today, the EVP of LHC Group (NASDAQ: LHCG), Joshua Proffitt, sold shares of LHCG for $793.8K.

Following Joshua Proffitt’s last LHCG Sell transaction on March 15, 2017, the stock climbed by 24.6%. In addition to Joshua Proffitt, one other LHCG executive reported Sell trades in the last month.

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Based on LHC Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $291 million and quarterly net profit of $5 million. In comparison, last year the company earned revenue of $247 million and had a net profit of $9.47 million. LHCG’s market cap is $1.34B and the company has a P/E ratio of 29.54. Currently, LHC Group has an average volume of 273.8K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $81.60, reflecting a -8.0% downside. Three different firms, including Citigroup and RBC Capital, currently also have a Sell rating on the stock.

The insider sentiment on LHC Group has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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, Community-Based Services and Facility-Based Services.