California Public Employees Retirement System raised its position in LifePoint Health, Inc. (NASDAQ:LPNT) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,486 shares of the company’s stock after buying an additional 1,200 shares during the period. California Public Employees Retirement System’s holdings in LifePoint Health were worth $10,453,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LPNT. Oakbrook Investments LLC raised its position in LifePoint Health by 22.3% in the second quarter. Oakbrook Investments LLC now owns 4,385 shares of the company’s stock worth $287,000 after buying an additional 800 shares during the period. Retirement Systems of Alabama raised its position in LifePoint Health by 268.3% in the second quarter. Retirement Systems of Alabama now owns 204,855 shares of the company’s stock worth $13,391,000 after buying an additional 149,237 shares during the period. American Century Companies Inc. raised its position in LifePoint Health by 19.6% in the second quarter. American Century Companies Inc. now owns 3,629,063 shares of the company’s stock worth $237,232,000 after buying an additional 594,546 shares during the period. Monarch Partners Asset Management LLC raised its position in LifePoint Health by 80.0% in the second quarter. Monarch Partners Asset Management LLC now owns 97,715 shares of the company’s stock worth $6,388,000 after buying an additional 43,425 shares during the period. Finally, Whittier Trust Co. raised its position in LifePoint Health by 1.2% in the second quarter. Whittier Trust Co. now owns 12,316 shares of the company’s stock worth $805,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 97.59% of the company’s stock.

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

LifePoint Health, Inc. (NASDAQ:LPNT) opened at 59.20 on Friday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 20.01 and a beta of 0.90. The company has a 50 day moving average of $57.06 and a 200 day moving average of $59.33. LifePoint Health, Inc. has a 52 week low of $50.60 and a 52 week high of $75.70.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. LifePoint Health had a return on equity of 7.02% and a net margin of 1.93%. The business earned $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. Equities analysts expect that LifePoint Health, Inc. will post $3.59 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of LifePoint Health in a research report on Wednesday, January 4th. They issued a “neutral” rating and a $62.00 price objective for the company. Zacks Investment Research raised shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, December 30th. Credit Suisse Group downgraded shares of LifePoint Health from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $60.00 in a research note on Friday, November 11th. Avondale Partners downgraded shares of LifePoint Health from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. Finally, Bank of America Corporation downgraded shares of LifePoint Health from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $66.00 to $59.00 in a research note on Wednesday, November 9th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.41.

About LifePoint Health

LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.

5 Day Chart for NASDAQ:LPNT

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