Insider Trading: Coliseum Capital Continues Buying $LHCG

Christopher Shackelton and Adam Gray’s Coliseum Capital filed for its insider purchases in LHC Group, Inc. (LHCG) on November 28th. The Form 4 filing shows Coliseum Capital bought 55 thousand shares in LHCG on November 23 and 25. The average price is $12.86 per share. After that Coliseum Capital takes 2.08 million shares in LHCG, giving an 11% passive stake. Coliseum Capital has made several insider purchases in LHCG after the third quarter. Now its LHCG position is increased by 37% from 1.51 thousand shares at the end of September. Now LHCG is trading at $12.77, and has already dropped by 58% in 2011.

LHC Group, Inc. (NASDAQ:LHCG)

Six other hedge funds were also bullish about LHCG in the second quarter. Chuck Royce’s Royce & Associates took the largest stake among the hedge funds, with 1.92 million shares at that time. Jim Simons’ Renaissance Technologies reported 77 thousand shares, up by 164% from Q1.

Coliseum Capital Management is a privately owned hedge fund. The firm invests in public equity markets. The firm is based in New York City, New York. The firm has a portfolio of $107 million, mainly invested in Services, Financial, and Healthcare sector.

LHC Group, Inc. provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals in the United States. The company operates two segments: home-based services and facility-based services. The company was founded in 1994 and is based in Lafayette, Louisiana.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!