LifePoint Health, Inc. (NASDAQ:LPNT) Stake Increased by Teachers Advisors LLC
Teachers Advisors LLC boosted its stake in LifePoint Health, Inc. (NASDAQ:LPNT) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 65,073 shares of the company’s stock after buying an additional 67 shares during the period. Teachers Advisors LLC’s holdings in LifePoint Health were worth $4,262,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its position in shares of 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 increased its position in shares of 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. Regent Investment Management LLC purchased a new position in shares of LifePoint Health during the first quarter valued at approximately $230,000. Fox Run Management L.L.C. purchased a new position in shares of LifePoint Health during the first quarter valued at approximately $255,000. Finally, Clinton Group Inc. purchased a new position in shares of LifePoint Health during the first quarter valued at approximately $265,000. Hedge funds and other institutional investors own 99.27% of the company’s stock.
Shares of LifePoint Health, Inc. (NASDAQ:LPNT) opened at 58.3065 on Monday. LifePoint Health, Inc. has a 12 month low of $50.60 and a 12 month high of $70.95. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.0556 and a beta of 0.86. The stock’s 50 day moving average is $64.73 and its 200 day moving average is $62.97.
LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $0.69 earnings per share. LifePoint Health’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts forecast that LifePoint Health, Inc. will post $4.07 earnings per share for the current fiscal year.
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Several brokerages recently commented on LPNT. Leerink Swann upgraded shares of LifePoint Health from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $73.00 to $74.00 in a report on Tuesday, June 6th. BidaskClub downgraded shares of LifePoint Health from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price objective on shares of LifePoint Health in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, July 4th. Finally, Morgan Stanley began coverage on shares of LifePoint Health in a report on Tuesday, June 6th. They set an “equal weight” rating and a $65.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.18.
In related news, Chairman William F. Carpenter III sold 82,347 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.15, for a total transaction of $5,282,560.05. Following the transaction, the chairman now directly owns 504,535 shares of the company’s stock, valued at $32,365,920.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,148,504.18. Following the transaction, the chairman now directly owns 439,841 shares in the company, valued at $28,616,055.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock worth $6,556,824. 7.28% of the stock is owned by insiders.
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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