LifePoint Hospitals Inc. (NASDAQ:LPNT) shares dropped 3.1% during trading on Wednesday . The stock traded as low as $55.20 and last traded at $55.39, with a volume of 410,946 shares. The stock had previously closed at $57.16.

LPNT has been the subject of several analyst reports. Raymond James Financial Inc. upgraded shares of LifePoint Hospitals from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 1st. Mizuho lowered their price target on shares of LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating for the company in a report on Monday, August 1st. Sterne Agee CRT reiterated a “buy” rating on shares of LifePoint Hospitals in a report on Monday, May 16th. Royal Bank Of Canada lowered their price target on shares of LifePoint Hospitals from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Finally, Wedbush reiterated a “neutral” rating and set a $66.00 price target (down previously from $80.00) on shares of LifePoint Hospitals in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $74.06.

The company has a 50-day moving average price of $62.55 and a 200 day moving average price of $65.93. The stock has a market capitalization of $2.38 billion and a P/E ratio of 18.54.

LifePoint Hospitals (NASDAQ:LPNT) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Analysts expect that LifePoint Hospitals Inc. will post $3.51 earnings per share for the current year.

In other news, Director John E. D. D S. Maupin, Jr. sold 3,800 shares of LifePoint Hospitals stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $67.32, for a total transaction of $255,816.00. Following the sale, the director now owns 22,813 shares in the company, valued at $1,535,771.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds recently added to or reduced their stakes in the company. KBC Group NV increased its stake in LifePoint Hospitals by 5.5% in the fourth quarter. KBC Group NV now owns 35,234 shares of the company’s stock worth $2,586,000 after buying an additional 1,830 shares during the last quarter. State of Tennessee Treasury Department increased its stake in LifePoint Hospitals by 900.0% in the fourth quarter. State of Tennessee Treasury Department now owns 100,000 shares of the company’s stock worth $7,340,000 after buying an additional 90,000 shares during the last quarter. Jennison Associates LLC increased its stake in LifePoint Hospitals by 2.5% in the fourth quarter. Jennison Associates LLC now owns 1,116,054 shares of the company’s stock worth $81,918,000 after buying an additional 27,657 shares during the last quarter. Principal Financial Group Inc. increased its stake in LifePoint Hospitals by 125.9% in the fourth quarter. Principal Financial Group Inc. now owns 316,002 shares of the company’s stock worth $23,195,000 after buying an additional 176,122 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in LifePoint Hospitals by 32.0% in the fourth quarter. Wells Fargo & Company MN now owns 231,007 shares of the company’s stock worth $16,957,000 after buying an additional 56,020 shares during the last quarter.

LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.

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