Municipal Employees Retirement System of Michigan lowered its position in LifePoint Health, Inc. (NASDAQ:LPNT) by 16.3% during the second quarter, Holdings Channel reports. The firm owned 15,580 shares of the company’s stock after selling 3,030 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in LifePoint Health were worth $1,046,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LPNT. BlackRock Inc. boosted its stake in shares of LifePoint Health by 11,671.9% in the first quarter. BlackRock Inc. now owns 3,745,824 shares of the company’s stock worth $245,351,000 after buying an additional 3,714,004 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of LifePoint Health by 291.1% in the first quarter. Point72 Asset Management L.P. now owns 688,352 shares of the company’s stock worth $45,087,000 after buying an additional 512,352 shares during the period. LSV Asset Management boosted its stake in shares of LifePoint Health by 56.0% in the first quarter. LSV Asset Management now owns 1,087,088 shares of the company’s stock worth $71,204,000 after buying an additional 390,015 shares during the period. Victory Capital Management Inc. boosted its stake in shares of LifePoint Health by 21,324.7% in the first quarter. Victory Capital Management Inc. now owns 353,936 shares of the company’s stock worth $23,182,000 after buying an additional 352,284 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of LifePoint Health by 95.2% in the first quarter. Prudential Financial Inc. now owns 560,687 shares of the company’s stock worth $36,725,000 after buying an additional 273,445 shares during the period. 99.27% of the stock is owned by hedge funds and other institutional investors.

LifePoint Health, Inc. (NASDAQ:LPNT) opened at 57.45 on Friday. The firm has a 50-day moving average of $63.43 and a 200-day moving average of $62.79. LifePoint Health, Inc. has a 52-week low of $50.60 and a 52-week high of $70.95. The stock has a market capitalization of $2.30 billion, a PE ratio of 12.86 and a beta of 0.86.

LifePoint Health (NASDAQ:LPNT) last announced its 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. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. On average, equities analysts expect that LifePoint Health, Inc. will post $4.07 EPS for the current year.

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A number of analysts recently weighed in on LPNT shares. BidaskClub cut shares of LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Barclays PLC upped their price target on shares of LifePoint Health from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Zacks Investment Research raised shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, July 4th. Leerink Swann raised shares of LifePoint Health from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $73.00 to $74.00 in a research report on Tuesday, June 6th. Finally, Morgan Stanley started coverage on shares of LifePoint Health in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $65.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. LifePoint Health has a consensus rating of “Hold” and an average price target of $66.18.

In other LifePoint Health news, Chairman William F. Carpenter III sold 17,653 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $65.06, for a total value of $1,148,504.18. Following the sale, the chairman now directly owns 439,841 shares in the company, valued at approximately $28,616,055.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman William F. Carpenter III sold 82,347 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $64.15, for a total transaction of $5,282,560.05. Following the completion of the sale, the chairman now owns 504,535 shares in the company, valued at $32,365,920.25. The disclosure for this sale can be found here. Company insiders own 7.28% of the company’s stock.

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

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