Louisiana State Employees Retirement System boosted its stake in LifePoint Health, Inc. (NASDAQ:LPNT) by 4.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,500 shares of the company’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in LifePoint Health were worth $705,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its stake in LifePoint Health by 43.7% in the second quarter. LS Investment Advisors LLC now owns 1,785 shares of the company’s stock valued at $120,000 after buying an additional 543 shares during the period. US Bancorp DE boosted its stake in LifePoint Health by 1.6% in the first quarter. US Bancorp DE now owns 1,931 shares of the company’s stock valued at $127,000 after buying an additional 30 shares during the period. Bank of Montreal Can boosted its stake in LifePoint Health by 18.7% in the first quarter. Bank of Montreal Can now owns 1,946 shares of the company’s stock valued at $128,000 after buying an additional 306 shares during the period. Teacher Retirement System of Texas purchased a new stake in LifePoint Health during the first quarter valued at approximately $210,000. Finally, Regent Investment Management LLC purchased a new stake in LifePoint Health during the first quarter valued at approximately $230,000. Institutional investors own 98.75% of the company’s stock.

Shares of LifePoint Health, Inc. (LPNT) traded up 0.60% during mid-day trading on Friday, hitting $58.45. 279,610 shares of the company traded hands. The firm has a 50-day moving average price of $64.73 and a 200 day moving average price of $62.97. LifePoint Health, Inc. has a 52-week low of $50.60 and a 52-week high of $70.95. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 13.09 and a beta of 0.86.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.64 billion. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. Equities research analysts anticipate that LifePoint Health, Inc. will post $4.08 EPS for the current fiscal year.

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Several research firms have recently commented on LPNT. BidaskClub cut shares of LifePoint Health from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 target price on shares of LifePoint Health in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Thursday, July 13th. Leerink Swann upgraded shares of LifePoint Health from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $73.00 to $74.00 in a research note on Tuesday, June 6th. Finally, Morgan Stanley began coverage on shares of LifePoint Health in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $65.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.18.

In related news, Chairman William F. Carpenter III sold 82,347 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.15, for a total value of $5,282,560.05. Following the completion of the sale, the chairman now owns 504,535 shares of the company’s stock, valued at $32,365,920.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman William F. Carpenter III sold 17,653 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $65.06, for a total transaction of $1,148,504.18. Following the completion of the sale, the chairman now directly owns 439,841 shares of the company’s stock, valued at approximately $28,616,055.46. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $6,556,824 in the last ninety days. Corporate insiders own 7.28% 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.

Institutional Ownership by Quarter for LifePoint Health (NASDAQ:LPNT)

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