Stevens Capital Management LP Takes $1.40 Million Position in LifePoint Health, Inc. (LPNT)
Stevens Capital Management LP acquired a new stake in LifePoint Health, Inc. (NASDAQ:LPNT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,093 shares of the company’s stock, valued at approximately $1,395,000. Stevens Capital Management LP owned 0.06% of LifePoint Health as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas grew its position in shares of LifePoint Health by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock valued at $216,000 after purchasing an additional 9 shares during the period. US Bancorp DE grew its position in LifePoint Health by 0.8% during the second quarter. US Bancorp DE now owns 1,947 shares of the company’s stock valued at $130,000 after acquiring an additional 16 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in LifePoint Health by 1.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock valued at $396,000 after acquiring an additional 56 shares during the period. Meeder Asset Management Inc. grew its position in LifePoint Health by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock valued at $909,000 after acquiring an additional 76 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in LifePoint Health by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock valued at $113,000 after acquiring an additional 164 shares during the period. 99.18% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the company. BidaskClub downgraded LifePoint Health from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reissued a “hold” rating and set a $66.00 price target on shares of LifePoint Health in a research report on Wednesday, October 4th. Zacks Investment Research downgraded LifePoint Health from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine downgraded LifePoint Health from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet downgraded LifePoint Health from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.23.
LifePoint Health, Inc. (NASDAQ:LPNT) opened at $44.20 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.65 and a current ratio of 1.85. LifePoint Health, Inc. has a one year low of $44.10 and a one year high of $70.95. The company has a market capitalization of $1,742.18, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.68.
LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Friday, October 27th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue was down .7% compared to the same quarter last year. sell-side analysts expect that LifePoint Health, Inc. will post 3.65 EPS for the current year.
LifePoint Health declared that its board has approved a stock buyback program on Friday, October 27th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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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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