Victory Capital Management Inc. Has $56.39 Million Position in LifePoint Health, Inc. (LPNT)
Victory Capital Management Inc. increased its position in shares of LifePoint Health, Inc. (NASDAQ:LPNT) by 19.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 973,978 shares of the company’s stock after purchasing an additional 157,831 shares during the quarter. Victory Capital Management Inc. owned approximately 2.43% of LifePoint Health worth $56,393,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in LPNT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in LifePoint Health by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock worth $113,000 after purchasing an additional 164 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in LifePoint Health by 43.7% during the second quarter. LS Investment Advisors LLC now owns 1,785 shares of the company’s stock worth $120,000 after purchasing an additional 543 shares during the last quarter. US Bancorp DE boosted its holdings in LifePoint Health by 0.8% during the second quarter. US Bancorp DE now owns 1,947 shares of the company’s stock worth $130,000 after purchasing an additional 16 shares during the last quarter. Shelton Capital Management purchased a new position in LifePoint Health during the second quarter worth about $205,000. Finally, Teacher Retirement System of Texas boosted its holdings in LifePoint Health by 0.3% during the second quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock worth $216,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.
Shares of LifePoint Health, Inc. (LPNT) opened at $46.35 on Friday. LifePoint Health, Inc. has a 12-month low of $45.60 and a 12-month high of $70.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.85 and a quick ratio of 1.65. The stock has a market cap of $1,826.93, a P/E ratio of 11.82, a PEG ratio of 1.20 and a beta of 0.68.
LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm earned $0.94 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts expect that LifePoint Health, Inc. will post 3.65 EPS for the current year.
LifePoint Health announced that its board has initiated a stock repurchase plan on Friday, October 27th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Several research firms recently weighed in on LPNT. Mizuho set a $50.00 price target on shares of LifePoint Health and gave the stock a “hold” rating in a report on Friday, October 27th. BidaskClub cut shares of LifePoint Health from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Credit Suisse Group began coverage on shares of LifePoint Health in a report on Thursday. They set a “neutral” rating and a $54.00 price target on the stock. TheStreet cut shares of LifePoint Health from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research cut shares of LifePoint Health from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $60.14.
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. 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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