Rhumbline Advisers Has $3.30 Million Position in LifePoint Health Inc (LPNT)

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Rhumbline Advisers boosted its stake in LifePoint Health Inc (NASDAQ:LPNT) by 5.3% during the 2nd quarter, Holdings Channel reports. The fund owned 67,521 shares of the company’s stock after acquiring an additional 3,395 shares during the period. Rhumbline Advisers’ holdings in LifePoint Health were worth $3,295,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LPNT. Principal Financial Group Inc. lifted its stake in LifePoint Health by 0.6% in the first quarter. Principal Financial Group Inc. now owns 169,513 shares of the company’s stock valued at $7,967,000 after buying an additional 961 shares during the period. Swiss National Bank lifted its stake in LifePoint Health by 3.3% in the first quarter. Swiss National Bank now owns 69,800 shares of the company’s stock valued at $3,281,000 after buying an additional 2,200 shares during the period. Point72 Asia Hong Kong Ltd lifted its stake in LifePoint Health by 1,897.5% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,417 shares of the company’s stock valued at $114,000 after buying an additional 2,296 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in LifePoint Health by 1.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 171,904 shares of the company’s stock valued at $8,080,000 after buying an additional 2,361 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in LifePoint Health by 83.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,942 shares of the company’s stock valued at $290,000 after buying an additional 2,705 shares during the period.

Shares of NASDAQ:LPNT opened at $64.45 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.63 and a debt-to-equity ratio of 1.27. LifePoint Health Inc has a twelve month low of $41.45 and a twelve month high of $65.35. The company has a market cap of $2.49 billion, a PE ratio of 17.74, a PEG ratio of 1.63 and a beta of 0.64.

LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Friday, July 27th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.19. LifePoint Health had a return on equity of 7.04% and a net margin of 0.65%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. LifePoint Health’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts predict that LifePoint Health Inc will post 4.59 EPS for the current fiscal year.

Several equities analysts have issued reports on LPNT shares. Zacks Investment Research lowered LifePoint Health from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Raymond James lowered LifePoint Health from an “outperform” rating to a “market perform” rating in a research note on Monday, July 23rd. Credit Suisse Group boosted their price target on LifePoint Health from $58.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Robert W. Baird lowered LifePoint Health from an “outperform” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research note on Tuesday, July 24th. Finally, BidaskClub lowered LifePoint Health from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. LifePoint Health currently has an average rating of “Hold” and an average target price of $58.73.

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 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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