LifePoint Hospitals Inc. (LPNT) Sees Strong Trading Volume
LifePoint Hospitals Inc. (NASDAQ:LPNT) saw unusually-strong trading volume on Thursday . Approximately 655,817 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 331,036 shares.The stock last traded at $63.66 and had previously closed at $64.83.
A number of analysts have recently commented on LPNT shares. Raymond James Financial Inc. upgraded LifePoint Hospitals from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 1st. Zacks Investment Research cut LifePoint Hospitals from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Sterne Agee CRT restated a “buy” rating on shares of LifePoint Hospitals in a research report on Monday, May 16th. Barclays PLC cut their price objective on LifePoint Hospitals from $75.00 to $74.00 and set an “underweight” rating for the company in a research report on Wednesday, June 1st. Finally, Robert W. Baird restated a “buy” rating on shares of LifePoint Hospitals in a research report on Monday, May 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.78.
The firm has a market cap of $2.78 billion and a price-to-earnings ratio of 17.76. The company’s 50-day moving average is $66.05 and its 200 day moving average is $67.00.
LifePoint Hospitals (NASDAQ:LPNT) last issued its earnings results on Friday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by $0.01. The firm earned $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. On average, equities research analysts expect that LifePoint Hospitals Inc. will post $3.74 earnings per share for the current year.
In other news, Director John E. D. D S. Maupin, Jr. sold 3,800 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $67.32, for a total transaction of $255,816.00. Following the completion of the transaction, the director now directly owns 22,813 shares of the company’s stock, valued at approximately $1,535,771.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
A number of institutional investors have recently added to or reduced their stakes in LPNT. Sei Investments Co. increased its position in LifePoint Hospitals by 123.0% in the fourth quarter. Sei Investments Co. now owns 24,386 shares of the company’s stock valued at $1,790,000 after buying an additional 13,453 shares during the last quarter. BOKF NA increased its position in LifePoint Hospitals by 4.2% in the fourth quarter. BOKF NA now owns 27,886 shares of the company’s stock valued at $2,047,000 after buying an additional 1,121 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in LifePoint Hospitals by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 28,627 shares of the company’s stock valued at $2,101,000 after buying an additional 9,720 shares during the last quarter. Deere & Co. increased its position in LifePoint Hospitals by 15.5% in the fourth quarter. Deere & Co. now owns 29,316 shares of the company’s stock valued at $2,152,000 after buying an additional 3,940 shares during the last quarter. Finally, KBC Group NV increased its position in LifePoint Hospitals by 5.5% in the fourth quarter. KBC Group NV now owns 35,234 shares of the company’s stock valued at $2,586,000 after buying an additional 1,830 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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