California Public Employees Retirement System lessened its stake in shares of LifePoint Health Inc (NASDAQ:LPNT) by 15.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 170,420 shares of the company’s stock after selling 31,124 shares during the quarter. California Public Employees Retirement System’s holdings in LifePoint Health were worth $8,010,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. US Bancorp DE boosted its stake in shares of LifePoint Health by 62.4% in the fourth quarter. US Bancorp DE now owns 3,095 shares of the company’s stock valued at $155,000 after purchasing an additional 1,189 shares during the period. Xact Kapitalforvaltning AB purchased a new position in shares of LifePoint Health in the fourth quarter valued at approximately $230,000. Alambic Investment Management L.P. purchased a new position in shares of LifePoint Health in the first quarter valued at approximately $240,000. Stone Ridge Asset Management LLC purchased a new position in shares of LifePoint Health in the fourth quarter valued at approximately $326,000. Finally, Jane Street Group LLC purchased a new position in shares of LifePoint Health in the fourth quarter valued at approximately $335,000.

Several research analysts have recently commented on LPNT shares. BidaskClub raised shares of LifePoint Health from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Robert W. Baird reissued a “buy” rating and issued a $54.00 price objective on shares of LifePoint Health in a research note on Tuesday, March 27th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 price objective (down previously from $50.00) on shares of LifePoint Health in a research note on Monday, February 26th. Mizuho reissued a “hold” rating and issued a $51.00 price objective on shares of LifePoint Health in a research note on Thursday, March 22nd. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $50.00 price objective on shares of LifePoint Health in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. LifePoint Health presently has an average rating of “Hold” and a consensus price target of $54.87.

Shares of NASDAQ:LPNT opened at $54.25 on Wednesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 14.97, a PEG ratio of 1.39 and a beta of 0.51. LifePoint Health Inc has a fifty-two week low of $41.45 and a fifty-two week high of $67.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.55 and a current ratio of 1.76.

LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Friday, May 4th. The company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. LifePoint Health had a net margin of 0.48% and a return on equity of 6.56%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. analysts predict that LifePoint Health Inc will post 4.3 earnings per share for the current fiscal year.

LifePoint Health Profile

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in the United States. Its hospitals provide a range of medical and surgical services, such as general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation, and pediatric, as well as specialized services, including open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery.

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

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