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First Light Asset Management Cut Lhc Group (LHCG) Position By $2.29 Million; Avid Technology (AVID) Sentiment Is 1

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $252.68 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

First Light Asset Management Llc decreased Lhc Group Inc (LHCG) stake by 27.12% reported in 2017Q2 SEC filing. First Light Asset Management Llc sold 34,206 shares as Lhc Group Inc (LHCG)’s stock rose 23.21%. The First Light Asset Management Llc holds 91,917 shares with $6.24M value, down from 126,123 last quarter. Lhc Group Inc now has $1.13B valuation. The stock increased 1.00% or $0.61 during the last trading session, reaching $61.82. About 224,467 shares traded or 10.20% up from the average. LHC Group, Inc. (NASDAQ:LHCG) has risen 42.98% since December 12, 2016 and is uptrending. It has outperformed by 26.28% the S&P500.

The stock decreased 2.15% or $0.135 during the last trading session, reaching $6.135. About 476,902 shares traded or 12.28% up from the average. Avid Technology, Inc. (AVID) has declined 5.06% since December 12, 2016 and is downtrending. It has underperformed by 21.76% the S&P500.

Blum Capital Partners Lp holds 100% of its portfolio in Avid Technology, Inc. for 6.56 million shares. Cove Street Capital Llc owns 6.11 million shares or 3.89% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 2.51% invested in the company for 273,859 shares. The New York-based S Squared Technology Llc has invested 1.08% in the stock. Harvey Partners Llc, a New York-based fund reported 105,000 shares.

Analysts await Avid Technology, Inc. (NASDAQ:AVID) to report earnings on March, 22. They expect $0.14 EPS, down 48.15% or $0.13 from last year’s $0.27 per share. AVID’s profit will be $5.77M for 10.96 P/E if the $0.14 EPS becomes a reality. After $0.04 actual EPS reported by Avid Technology, Inc. for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

Among 11 analysts covering LHC Group (NASDAQ:LHCG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. LHC Group had 29 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, August 3 report. Jefferies initiated the stock with “Buy” rating in Friday, February 5 report. The firm earned “Outperform” rating on Tuesday, November 7 by Oppenheimer. As per Tuesday, November 7, the company rating was maintained by RBC Capital Markets. The firm earned “Overweight” rating on Friday, June 17 by Stephens. The company was maintained on Thursday, August 3 by Jefferies. The rating was initiated by Benchmark with “Buy” on Friday, January 27. The stock has “Hold” rating by Robert W. Baird on Monday, November 27. The company was initiated on Tuesday, September 1 by Wells Fargo. The firm has “Hold” rating by Robert W. Baird given on Sunday, October 15.

Investors sentiment decreased to 1.5 in 2017 Q2. Its down 0.03, from 1.53 in 2017Q1. It dropped, as 14 investors sold LHCG shares while 56 reduced holdings. 38 funds opened positions while 69 raised stakes. 15.44 million shares or 1.26% more from 15.25 million shares in 2017Q1 were reported. Chicago Equity Ptnrs Ltd Com invested 0.01% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG). Highland Mngmt LP invested in 48,925 shares or 0.14% of the stock. Victory Mngmt stated it has 0.01% of its portfolio in LHC Group, Inc. (NASDAQ:LHCG). Geode Mgmt invested 0% in LHC Group, Inc. (NASDAQ:LHCG). Legal General Group Inc Plc reported 28,825 shares or 0% of all its holdings. Ls Investment Advsrs Lc holds 0% or 600 shares in its portfolio. Ameritas Inv Prtn reported 0% in LHC Group, Inc. (NASDAQ:LHCG). Oberweis Asset Inc reported 0.53% stake. Usa Fincl Portformulas has invested 0.16% in LHC Group, Inc. (NASDAQ:LHCG). Bridgeway Cap Management holds 76,086 shares or 0.06% of its portfolio. Ahl Ptnrs Llp holds 0.02% or 13,266 shares. Point72 Asset Lp has invested 0.14% in LHC Group, Inc. (NASDAQ:LHCG). Moreover, Etrade Limited Liability Com has 0.01% invested in LHC Group, Inc. (NASDAQ:LHCG) for 3,225 shares. Citadel Advisors Lc owns 0% invested in LHC Group, Inc. (NASDAQ:LHCG) for 28,908 shares. C M Bidwell & Associate Limited holds 0.02% in LHC Group, Inc. (NASDAQ:LHCG) or 1,230 shares.

Analysts await LHC Group, Inc. (NASDAQ:LHCG) to report earnings on March, 14. They expect $0.62 EPS, up 6.90% or $0.04 from last year’s $0.58 per share. LHCG’s profit will be $11.33 million for 24.93 P/E if the $0.62 EPS becomes a reality. After $0.64 actual EPS reported by LHC Group, Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

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