Capital Fund Management S.A. cut its position in shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) by 73.2% during the second quarter, Holdings Channel reports. The institutional investor owned 8,493 shares of the company’s stock after selling 23,182 shares during the period. Capital Fund Management S.A.’s holdings in LifePoint Hospitals were worth $555,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new stake in LifePoint Hospitals during the first quarter worth about $125,000. Bank of Montreal Can acquired a new stake in LifePoint Hospitals during the second quarter worth about $168,000. Invictus RG increased its stake in LifePoint Hospitals by 6,625.0% in the first quarter. Invictus RG now owns 4,304 shares of the company’s stock worth $298,000 after buying an additional 4,240 shares in the last quarter. Oakbrook Investments LLC increased its stake in LifePoint Hospitals by 22.3% in the second quarter. Oakbrook Investments LLC now owns 4,385 shares of the company’s stock worth $287,000 after buying an additional 800 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in LifePoint Hospitals during the first quarter worth about $319,000. 97.11% of the stock is owned by hedge funds and other institutional investors.
Shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) traded down 0.08% during trading on Wednesday, reaching $59.80. 377,385 shares of the company’s stock traded hands. The company’s 50-day moving average is $57.91 and its 200 day moving average is $63.88. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 19.91 and a beta of 0.89. LifePoint Hospitals Inc. has a 52-week low of $54.82 and a 52-week high of $75.94.
LifePoint Hospitals (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.90 by $0.19. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. LifePoint Hospitals had a net margin of 2.08% and a return on equity of 7.14%. LifePoint Hospitals’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. Equities analysts forecast that LifePoint Hospitals Inc. will post $3.51 EPS for the current year.
A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of LifePoint Hospitals from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. cut their price objective on shares of LifePoint Hospitals from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd. Royal Bank Of Canada cut their price objective on shares of LifePoint Hospitals from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 1st. TheStreet downgraded shares of LifePoint Hospitals from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $66.00 price target (down previously from $80.00) on shares of LifePoint Hospitals in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. LifePoint Hospitals currently has an average rating of “Hold” and a consensus price target of $72.06.
LifePoint Hospitals Company Profile
LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.
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