Globeflex Capital L P Has $223,000 Stake in LifePoint Health, Inc. (LPNT)
Globeflex Capital L P maintained its position in LifePoint Health, Inc. (NASDAQ:LPNT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,324 shares of the company’s stock at the close of the 2nd quarter. Globeflex Capital L P’s holdings in LifePoint Health were worth $223,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in LifePoint Health by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock valued at $113,000 after acquiring an additional 164 shares during the period. LS Investment Advisors LLC grew its stake in LifePoint Health by 43.7% in the 2nd quarter. LS Investment Advisors LLC now owns 1,785 shares of the company’s stock valued at $120,000 after acquiring an additional 543 shares during the period. US Bancorp DE grew its stake in LifePoint Health by 1.6% in the 1st quarter. US Bancorp DE now owns 1,931 shares of the company’s stock valued at $127,000 after acquiring an additional 30 shares during the period. Bank of Montreal Can grew its stake in LifePoint Health by 18.7% in the 1st quarter. Bank of Montreal Can now owns 1,946 shares of the company’s stock valued at $128,000 after acquiring an additional 306 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in LifePoint Health in the 1st quarter valued at $210,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.
In other LifePoint Health news, Chairman William F. Carpenter III sold 17,653 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $65.06, for a total value of $1,148,504.18. Following the sale, the chairman now owns 439,841 shares of the company’s stock, valued at $28,616,055.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.28% of the stock is currently owned by corporate insiders.
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LPNT has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price target on shares of LifePoint Health in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, July 4th. BidaskClub raised shares of LifePoint Health from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine raised shares of LifePoint Health from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, TheStreet cut shares of LifePoint Health from a “b-” rating to a “c+” rating in a research note on Wednesday, August 16th. 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. The company currently has a consensus rating of “Hold” and an average price target of $66.18.
LifePoint Health, Inc. (LPNT) opened at 57.90 on Friday. The firm has a 50-day moving average price of $57.25 and a 200-day moving average price of $61.82. LifePoint Health, Inc. has a one year low of $50.60 and a one year high of $70.95. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 12.96 and a beta of 0.85.
LifePoint Health (NASDAQ:LPNT) last posted its earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The company 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%. LifePoint Health’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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.
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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