Lecap Asset Management Ltd. Acquires Shares of 2,133 Chemed Co. (NYSE:CHE)

Lecap Asset Management Ltd. acquired a new stake in shares of Chemed Co. (NYSE:CHE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,133 shares of the company's stock, valued at approximately $1,130,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHE. State Street Corp raised its holdings in shares of Chemed by 0.8% during the 3rd quarter. State Street Corp now owns 464,354 shares of the company's stock valued at $279,063,000 after purchasing an additional 3,564 shares in the last quarter. Geode Capital Management LLC raised its holdings in Chemed by 4.9% during the third quarter. Geode Capital Management LLC now owns 335,443 shares of the company's stock valued at $201,820,000 after buying an additional 15,791 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Chemed by 4.7% in the third quarter. Impax Asset Management Group plc now owns 332,757 shares of the company's stock worth $199,977,000 after buying an additional 14,814 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Chemed by 10.0% in the fourth quarter. Boston Trust Walden Corp now owns 242,172 shares of the company's stock worth $128,303,000 after buying an additional 22,105 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Chemed by 23.8% during the 3rd quarter. FMR LLC now owns 238,616 shares of the company's stock worth $143,401,000 after acquiring an additional 45,917 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on CHE. StockNews.com upgraded Chemed from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Royal Bank of Canada reduced their price objective on shares of Chemed from $697.00 to $633.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th.

Chemed Stock Performance

Shares of NYSE:CHE traded up $0.32 during midday trading on Tuesday, hitting $553.94. The company's stock had a trading volume of 58,249 shares, compared to its average volume of 91,287. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $654.62. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.16 and a beta of 0.48. The stock's 50 day simple moving average is $542.65 and its 200 day simple moving average is $564.84.

Insiders Place Their Bets

In other news, VP Brian C. Judkins bought 145 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now directly owns 1,678 shares in the company, valued at $871,721. This represents a 9.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin J. Mcnamara sold 2,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $572.77, for a total value of $1,145,540.00. Following the transaction, the chief executive officer now owns 101,735 shares in the company, valued at $58,270,755.95. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.32% of the company's stock.

Chemed Company Profile

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.