Smith Graham & Co. Investment Advisors LP lowered its stake in LifePoint Hospitals Inc. (NASDAQ:LPNT) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 113,910 shares of the company’s stock after selling 7,310 shares during the period. LifePoint Hospitals accounts for 1.0% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 18th largest position. Smith Graham & Co. Investment Advisors LP’s holdings in LifePoint Hospitals were worth $7,446,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Alpha Windward LLC boosted its stake in LifePoint Hospitals by 0.8% in the second quarter. Alpha Windward LLC now owns 6,660 shares of the company’s stock valued at $435,000 after buying an additional 50 shares during the period. Breton Hill Capital Ltd. boosted its stake in LifePoint Hospitals by 1.4% in the second quarter. Breton Hill Capital Ltd. now owns 14,188 shares of the company’s stock valued at $927,000 after buying an additional 202 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in LifePoint Hospitals by 2.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 39,324 shares of the company’s stock valued at $2,723,000 after buying an additional 771 shares during the period. Oakbrook Investments LLC boosted 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 valued at $287,000 after buying an additional 800 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in LifePoint Hospitals during the first quarter valued at about $125,000. Institutional investors and hedge funds own 97.10% of the company’s stock.
Shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) traded up 0.45% during mid-day trading on Tuesday, hitting $58.40. The stock had a trading volume of 241,989 shares. LifePoint Hospitals Inc. has a 52 week low of $54.82 and a 52 week high of $76.39. The stock has a 50-day moving average price of $57.36 and a 200 day moving average price of $64.38. The stock has a market cap of $2.49 billion, a P/E ratio of 19.45 and a beta of 0.82.
LifePoint Hospitals (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. LifePoint Hospitals had a return on equity of 7.14% and a net margin of 2.08%. LifePoint Hospitals’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. On average, equities analysts forecast that LifePoint Hospitals Inc. will post $3.51 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the company. Mizuho decreased their price objective on LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating on the stock in a report on Monday, August 1st. 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 price objective on LifePoint Hospitals from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. Citigroup Inc. raised their price objective on LifePoint Hospitals from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, June 6th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of LifePoint Hospitals in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.88.
About LifePoint Hospitals
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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