Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of LifePoint Health, Inc. (NASDAQ:LPNT) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,891 shares of the company’s stock after purchasing an additional 56 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LifePoint Health were worth $396,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LPNT. BlackRock Inc. increased its position in shares of LifePoint Health by 11,671.9% during the 1st quarter. BlackRock Inc. now owns 3,745,824 shares of the company’s stock worth $245,351,000 after purchasing an additional 3,714,004 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of LifePoint Health by 291.1% during the 1st quarter. Point72 Asset Management L.P. now owns 688,352 shares of the company’s stock worth $45,087,000 after purchasing an additional 512,352 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of LifePoint Health by 130.6% during the 2nd quarter. Victory Capital Management Inc. now owns 816,147 shares of the company’s stock worth $54,804,000 after purchasing an additional 462,211 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of LifePoint Health by 679.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 247,499 shares of the company’s stock worth $16,211,000 after purchasing an additional 215,763 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of LifePoint Health by 103.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 408,284 shares of the company’s stock worth $26,742,000 after purchasing an additional 208,084 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

LPNT has been the subject of a number of recent analyst reports. BidaskClub downgraded LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. ValuEngine downgraded LifePoint Health from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, July 4th. Morgan Stanley initiated coverage on LifePoint Health in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $65.00 price objective for the company. Finally, Leerink Swann raised LifePoint Health from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $73.00 to $74.00 in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.18.

LifePoint Health, Inc. (LPNT) opened at 57.20 on Friday. LifePoint Health, Inc. has a 52 week low of $50.60 and a 52 week high of $70.95. The stock has a market cap of $2.29 billion, a PE ratio of 12.81 and a beta of 0.85. The stock has a 50 day moving average price of $57.25 and a 200 day moving average price of $61.82.

LifePoint Health (NASDAQ:LPNT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. LifePoint Health had a return on equity of 7.40% and a net margin of 2.61%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities analysts predict that LifePoint Health, Inc. will post $4.06 earnings per share for the current year.

In other LifePoint Health news, 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 in the company, valued at $28,616,055.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.28% of the company’s stock.

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

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