In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lhc Group Inc. (NASDAQ:LHCG) reported that Coliseum Capital has picked up 730,794 of common stock as of 2017-03-21.
The acquisition brings the aggregate amount owned by Coliseum Capital to a total of 730,794 representing a 4.0% stake in the company.
For those not familiar with the company, LHC Group, Inc. is a holding company. The Company provides post-acute healthcare services to patients through its home nursing 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. Through its home health services segment, the Company offers a range of services, including skilled nursing, medically-oriented social services, and physical, occupational and speech therapy. Through its hospice services segment, the Company offers a range of services, including pain and symptom management, emotional and spiritual support, inpatient and respite care, homemaker services and counseling. The Company’s community-based service operations offer a range of services to patients in their home or in a medical facility. The Company provides facility-based services principally through its LTACHs.
A glance at Lhc Group Inc. (NASDAQ:LHCG)’s key stats reveals a current market capitalization of 909.12 Million based on 18.15 Million shares outstanding and a price at last close of $50.18 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-03-15, Coliseum picked up 24,100 at a purchase price of $21.24. This brings their total holding to 2,549,518 as of the date of the filing.
On the sell side, the most recent transaction Coliseum unload 50,000 shares at a sale price of $50.24. This brings their total holding to 730,794.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Lhc Group Inc. (NASDAQ:LHCG) as things move forward to see if its progress aligns with these transactions.
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