Advisory Services Network LLC decreased its position in LifePoint Health, Inc. (NASDAQ:LPNT) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,742 shares of the company’s stock after selling 55 shares during the quarter. Advisory Services Network LLC’s holdings in LifePoint Health were worth $386,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas raised its holdings in LifePoint Health by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock valued at $216,000 after acquiring an additional 9 shares in the last quarter. US Bancorp DE raised its holdings in LifePoint Health by 0.8% in the second quarter. US Bancorp DE now owns 1,947 shares of the company’s stock valued at $130,000 after acquiring an additional 16 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in LifePoint Health by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock valued at $396,000 after purchasing an additional 56 shares during the last quarter. Meeder Asset Management Inc. increased its stake in LifePoint Health by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock valued at $909,000 after purchasing an additional 76 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LifePoint Health by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock valued at $113,000 after purchasing an additional 164 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have commented on LPNT shares. Zacks Investment Research upgraded shares of LifePoint Health from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. TheStreet lowered shares of LifePoint Health from a “b-” rating to a “c+” rating in a research note on Wednesday, August 16th. BidaskClub upgraded shares of LifePoint Health from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. BMO Capital Markets started coverage on shares of LifePoint Health in a research note on Monday, October 16th. They issued a “market perform” rating and a $59.00 price target on the stock. Finally, ValuEngine lowered shares of LifePoint Health from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $65.54.

LifePoint Health, Inc. (LPNT) opened at 58.35 on Friday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.07 and a beta of 0.84. The stock’s 50 day moving average is $56.59 and its 200-day moving average is $60.79. LifePoint Health, Inc. has a 12 month low of $50.60 and a 12 month high of $70.95.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business had revenue of $1.59 billion for 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 business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, equities research analysts expect that LifePoint Health, Inc. will post $4.07 earnings per share 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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