California Public Employees Retirement System decreased its position in LHC Group, Inc. (NASDAQ:LHCG – Get Rating) by 23.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,651 shares of the health services provider’s stock after selling 13,584 shares during the quarter. California Public Employees Retirement System’s holdings in LHC Group were worth $6,954,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Chicago Capital Management LLC bought a new stake in shares of LHC Group in the 1st quarter worth $169,000. Penobscot Investment Management Company Inc. bought a new stake in shares of LHC Group in the 1st quarter worth $202,000. American Trust bought a new position in LHC Group during the first quarter valued at about $216,000. CIBC Asset Management Inc bought a new position in LHC Group during the first quarter valued at about $218,000. Finally, Private Advisor Group LLC bought a new position in LHC Group during the first quarter valued at about $225,000. Institutional investors own 87.82% of the company’s stock.
LHC Group Price Performance
Shares of NASDAQ:LHCG opened at $167.98 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5.21 billion, a PE ratio of 81.94, a P/E/G ratio of 23.64 and a beta of 0.45. LHC Group, Inc. has a twelve month low of $108.42 and a twelve month high of $169.84. The company has a 50-day moving average price of $165.66 and a two-hundred day moving average price of $163.46.
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About LHC Group
LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. It operates through five segments: Home Health Services, Hospice Services, Home and Community-Based Services, Facility-Based Services, and Healthcare Innovations (HCI).
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