Ameriprise Financial Inc. raised its position in shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,147 shares of the company’s stock after buying an additional 7,479 shares during the period. Ameriprise Financial Inc. owned approximately 0.68% of LifePoint Hospitals worth $18,901,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. LSV Asset Management increased its position in shares of LifePoint Hospitals by 24.2% in the second quarter. LSV Asset Management now owns 273,939 shares of the company’s stock worth $17,907,000 after buying an additional 53,299 shares in the last quarter. Boston Partners increased its position in shares of LifePoint Hospitals by 0.9% in the second quarter. Boston Partners now owns 310,000 shares of the company’s stock worth $20,265,000 after buying an additional 2,815 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LifePoint Hospitals during the second quarter worth approximately $111,000. PNC Financial Services Group Inc. increased its position in shares of LifePoint Hospitals by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 18,120 shares of the company’s stock worth $1,184,000 after buying an additional 671 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of LifePoint Hospitals by 2.0% in the second quarter. First Trust Advisors LP now owns 390,568 shares of the company’s stock worth $25,531,000 after buying an additional 7,583 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.
LifePoint Hospitals Inc. (NASDAQ:LPNT) traded up 0.02% during midday trading on Tuesday, hitting $57.65. The stock had a trading volume of 279,934 shares. The company’s 50 day moving average price is $57.32 and its 200-day moving average price is $64.60. The stock has a market cap of $2.46 billion, a PE ratio of 19.20 and a beta of 0.82. LifePoint Hospitals Inc. has a 52-week low of $54.82 and a 52-week high of $78.45.
LifePoint Hospitals (NASDAQ:LPNT) last announced its earnings results on Friday, July 29th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.19. The company earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. LifePoint Hospitals had a return on equity of 7.14% and a net margin of 2.08%. LifePoint Hospitals’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. Analysts forecast that LifePoint Hospitals Inc. will post $3.51 EPS for the current fiscal year.
A number of brokerages recently commented on LPNT. Credit Suisse Group AG restated a “buy” rating and set a $64.00 target price on shares of LifePoint Hospitals in a report on Tuesday, August 30th. TheStreet downgraded LifePoint Hospitals from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Zacks Investment Research upgraded LifePoint Hospitals from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. decreased their target price on LifePoint Hospitals from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $77.00 price objective (down previously from $84.00) on shares of LifePoint Hospitals in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $72.88.
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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