Northwestern Mutual Investment Management Company LLC lifted its stake in shares of LifePoint Health, Inc. (NASDAQ:LPNT) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,495 shares of the company’s stock after buying an additional 611 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in LifePoint Health were worth $490,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LPNT. Bank of Montreal Can boosted its position in shares of LifePoint Health by 18.7% during 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 last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of LifePoint Health by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,228 shares of the company’s stock valued at $932,000 after buying an additional 200 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of LifePoint Health by 22.6% during the first quarter. Wells Fargo & Company MN now owns 21,951 shares of the company’s stock valued at $1,438,000 after buying an additional 4,045 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of LifePoint Health by 58.0% during the first quarter. Canada Pension Plan Investment Board now owns 27,800 shares of the company’s stock valued at $1,821,000 after buying an additional 10,200 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of LifePoint Health by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 23,349 shares of the company’s stock valued at $1,528,000 after buying an additional 652 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors.

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A number of brokerages recently commented on LPNT. Zacks Investment Research upgraded LifePoint Health from a “sell” rating to a “hold” rating in a report on Monday, August 21st. TheStreet lowered LifePoint Health from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. BidaskClub upgraded LifePoint Health from a “hold” rating to a “buy” rating in a report on Friday, June 30th. ValuEngine lowered LifePoint Health from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley began coverage on LifePoint Health in a report on Tuesday, June 6th. They set an “equal weight” rating and a $65.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. LifePoint Health currently has a consensus rating of “Hold” and an average target price of $66.18.

In other LifePoint Health news, Chairman William F. Carpenter III sold 17,653 shares of the stock in a transaction on 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 sale, the chairman now directly owns 439,841 shares in the company, valued at approximately $28,616,055.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.28% of the company’s stock.

Shares of LifePoint Health, Inc. (LPNT) opened at 56.40 on Thursday. The firm has a 50 day moving average price of $57.97 and a 200 day moving average price of $62.11. LifePoint Health, Inc. has a 52 week low of $50.60 and a 52 week high of $70.95. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.63 and a beta of 0.85.

LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Tuesday, August 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. LifePoint Health had a return on equity of 7.40% and a net margin of 2.61%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted $0.69 EPS. The company’s revenue was up .2% compared to the same quarter last year. Equities analysts forecast that LifePoint Health, Inc. will post $4.06 EPS for the current year.

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.

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

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