LifePoint Health, Inc. (LPNT) Rating Increased to Hold at BidaskClub
BidaskClub upgraded shares of LifePoint Health, Inc. (NASDAQ:LPNT) from a sell rating to a hold rating in a report released on Wednesday morning.
A number of other equities analysts have also recently weighed in on LPNT. Mizuho boosted their price target on LifePoint Health from $50.00 to $57.00 and gave the stock a neutral rating in a report on Tuesday, February 21st. Cantor Fitzgerald reissued a neutral rating on shares of LifePoint Health in a report on Tuesday, February 21st. Zacks Investment Research raised LifePoint Health from a sell rating to a hold rating in a report on Wednesday, February 22nd. TheStreet raised LifePoint Health from a c+ rating to a b- rating in a report on Monday, March 13th. Finally, Deutsche Bank AG started coverage on LifePoint Health in a report on Tuesday, April 4th. They issued a hold rating and a $68.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. LifePoint Health currently has an average rating of Hold and a consensus target price of $65.46.
Shares of LifePoint Health (NASDAQ LPNT) opened at 65.40 on Wednesday. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 17.26 and a beta of 0.94. The firm has a 50-day moving average price of $62.59 and a 200 day moving average price of $61.46. LifePoint Health has a 52-week low of $50.60 and a 52-week high of $70.95.
LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Friday, April 28th. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. LifePoint Health had a return on equity of 7.06% and a net margin of 2.26%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts expect that LifePoint Health will post $4.20 earnings per share for the current year.
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In related news, EVP John P. Bumpus sold 33,333 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $65.00, for a total value of $2,166,645.00. Following the completion of the transaction, the executive vice president now directly owns 143,829 shares in the company, valued at $9,348,885. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard H. Evans sold 2,000 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $62.88, for a total value of $125,760.00. Following the completion of the transaction, the director now owns 17,718 shares of the company’s stock, valued at $1,114,107.84. The disclosure for this sale can be found here. Insiders sold 117,680 shares of company stock valued at $7,574,965 over the last quarter. Insiders own 7.28% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in LifePoint Health by 11,671.9% in the first quarter. BlackRock Inc. now owns 3,745,824 shares of the company’s stock valued at $245,351,000 after buying an additional 3,714,004 shares during the last quarter. Dimensional Fund Advisors LP raised its position in LifePoint Health by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,388,830 shares of the company’s stock valued at $221,969,000 after buying an additional 18,327 shares during the last quarter. Vanguard Group Inc. raised its position in LifePoint Health by 3.8% in the first quarter. Vanguard Group Inc. now owns 3,266,963 shares of the company’s stock valued at $213,986,000 after buying an additional 120,201 shares during the last quarter. Wellington Management Group LLP raised its position in LifePoint Health by 5.5% in the first quarter. Wellington Management Group LLP now owns 3,257,272 shares of the company’s stock valued at $213,351,000 after buying an additional 168,451 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in LifePoint Health by 4.2% in the first quarter. Alliancebernstein L.P. now owns 1,725,943 shares of the company’s stock valued at $113,049,000 after buying an additional 68,886 shares during the last quarter. Hedge funds and other institutional investors own 99.80% of the company’s stock.
About LifePoint Health
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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