Russell Investments Group Ltd. Reduces Holdings in LifePoint Health Inc (LPNT)
Russell Investments Group Ltd. trimmed its position in LifePoint Health Inc (NASDAQ:LPNT) by 67.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,416 shares of the company’s stock after selling 45,510 shares during the period. Russell Investments Group Ltd.’s holdings in LifePoint Health were worth $1,444,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in LifePoint Health by 29.9% in the second quarter. BlackRock Inc. now owns 4,474,205 shares of the company’s stock worth $218,340,000 after purchasing an additional 1,030,415 shares during the last quarter. Boston Partners boosted its position in LifePoint Health by 2.8% in the second quarter. Boston Partners now owns 873,008 shares of the company’s stock worth $42,603,000 after purchasing an additional 24,086 shares during the last quarter. Northern Trust Corp boosted its position in LifePoint Health by 65.5% in the second quarter. Northern Trust Corp now owns 569,724 shares of the company’s stock worth $27,802,000 after purchasing an additional 225,428 shares during the last quarter. Bank of New York Mellon Corp boosted its position in LifePoint Health by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 526,019 shares of the company’s stock worth $25,669,000 after purchasing an additional 37,958 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in LifePoint Health by 44.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 249,109 shares of the company’s stock worth $12,157,000 after purchasing an additional 77,205 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ LPNT opened at $64.99 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.63 and a current ratio of 1.85. LifePoint Health Inc has a 52 week low of $41.45 and a 52 week high of $65.35. The stock has a market capitalization of $2.52 billion, a PE ratio of 17.90, a P/E/G ratio of 1.73 and a beta of 0.51.
Several research analysts have issued reports on LPNT shares. William Blair reissued a “hold” rating on shares of LifePoint Health in a research report on Friday, August 17th. BidaskClub raised LifePoint Health from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Zacks Investment Research raised LifePoint Health from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.54.
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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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