Stock analysts at BMO Capital Markets initiated coverage on shares of LifePoint Health, Inc. (NASDAQ:LPNT) in a research report issued on Monday. The firm set a “market perform” rating on the stock.

LPNT has been the topic of several other reports. BidaskClub cut shares of LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price target on shares of LifePoint Health in a research report on Wednesday, July 5th. Zacks Investment Research upgraded 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 report on Tuesday, July 4th. TheStreet cut shares of LifePoint Health from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. Finally, ValuEngine cut shares of LifePoint Health from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.08.

LifePoint Health (NASDAQ:LPNT) traded up 1.45% during trading on Monday, reaching $55.80. 481,032 shares of the company’s stock traded hands. The stock has a market capitalization of $2.24 billion, a P/E ratio of 12.49 and a beta of 0.84. The company has a 50-day moving average of $56.57 and a 200 day moving average of $61.04. LifePoint Health has a 12 month low of $50.60 and a 12 month high of $70.95.

LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business earned $0.69 earnings per share. LifePoint Health’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts expect that LifePoint Health will post $4.06 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 purchasing an additional 164 shares during the period. LS Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 543 shares during the period. US Bancorp DE increased its holdings in shares of 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 purchasing an additional 30 shares during the period. Shelton Capital Management acquired a new position in shares of LifePoint Health in the 2nd quarter valued at about $205,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of LifePoint Health in the 1st quarter valued at about $210,000. Institutional investors own 99.53% of the company’s stock.

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.

Analyst Recommendations for LifePoint Health (NASDAQ:LPNT)

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