Insider Selling: LifePoint Health, Inc. (LPNT) Chairman Sells 17,653 Shares of Stock
LifePoint Health, Inc. (NASDAQ:LPNT) Chairman William F. Carpenter III sold 17,653 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $65.06, for a total value of $1,148,504.18. Following the completion of the sale, the chairman now directly owns 439,841 shares in the company, valued at $28,616,055.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
LifePoint Health, Inc. (NASDAQ LPNT) opened at 65.50 on Friday. LifePoint Health, Inc. has a 1-year low of $50.60 and a 1-year high of $70.95. The stock has a 50 day moving average price of $64.84 and a 200 day moving average price of $62.76. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 17.28 and a beta of 0.88.
LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Friday, April 28th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. LifePoint Health had a return on equity of 7.06% and a net margin of 2.26%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that LifePoint Health, Inc. will post $4.19 EPS for the current year.
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A number of analysts have issued reports on LPNT shares. BidaskClub raised LifePoint Health from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Barclays PLC raised their price target on LifePoint Health from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. Zacks Investment Research raised LifePoint Health from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday, July 13th. Morgan Stanley started coverage on LifePoint Health in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $65.00 price target on the stock. Finally, Mizuho raised their price target on LifePoint Health from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. LifePoint Health has a consensus rating of “Hold” and a consensus price target of $66.08.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in shares of LifePoint Health during the fourth quarter worth approximately $1,717,000. Two Sigma Investments LP bought a new stake in LifePoint Health during the fourth quarter valued at about $910,000. Thrivent Financial for Lutherans increased its stake in LifePoint Health by 3.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,930 shares of the company’s stock valued at $394,000 after buying an additional 240 shares during the period. Numeric Investors LLC bought a new stake in LifePoint Health during the fourth quarter valued at about $335,000. Finally, Norges Bank bought a new stake in LifePoint Health during the fourth quarter valued at about $19,865,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.
LifePoint Health Company Profile
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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