LifePoint Health, Inc. (LPNT) PT Lowered to $60.00 at Citigroup Inc.
Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reaffirmed a buy rating and set a $77.00 target price on shares of LifePoint Health in a research report 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 report on Tuesday, July 4th. ValuEngine raised shares of LifePoint Health from a hold rating to a buy rating in a report on Thursday, August 17th. Robert W. Baird set a $69.00 price target on shares of LifePoint Health and gave the company a buy rating in a report on Thursday, October 12th. Finally, TheStreet lowered shares of LifePoint Health from a b- rating to a c+ rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. LifePoint Health presently has an average rating of Hold and a consensus target price of $60.57.
LifePoint Health (NASDAQ:LPNT) last announced its earnings results on Friday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.15). LifePoint Health had a return on equity of 7.01% and a net margin of 2.45%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm posted $0.94 EPS. The company’s revenue was down .7% compared to the same quarter last year.
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LifePoint Health announced that its board has authorized a stock buyback program on Friday, October 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of LifePoint Health by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 3,630,487 shares of the company’s stock worth $210,205,000 after purchasing an additional 260,944 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of LifePoint Health in the 3rd quarter worth about $1,395,000. Hussman Strategic Advisors Inc. bought a new stake in shares of LifePoint Health in the 3rd quarter worth about $1,517,000. Parametrica Management Ltd bought a new stake in shares of LifePoint Health in the 3rd quarter worth about $282,000. Finally, Victory Capital Management Inc. grew its holdings in shares of LifePoint Health by 19.3% in the 3rd quarter. Victory Capital Management Inc. now owns 973,978 shares of the company’s stock worth $56,393,000 after purchasing an additional 157,831 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.
About LifePoint Health
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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