Virginia Retirement Systems ET AL bought a new position in shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) during the second quarter, Holdings Channel reports. The institutional investor bought 9,500 shares of the company’s stock, valued at approximately $621,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LifePoint Hospitals during the second quarter worth approximately $111,000. Acrospire Investment Management LLC purchased a new position in shares of LifePoint Hospitals during the first quarter worth approximately $125,000. Bank of Montreal Can purchased a new position in shares of LifePoint Hospitals during the second quarter worth approximately $168,000. Wrapmanager Inc. purchased a new position in shares of LifePoint Hospitals during the second quarter worth approximately $218,000. Finally, Advance Capital I Inc. bought a new stake in LifePoint Hospitals during the second quarter valued at about $261,000. Hedge funds and other institutional investors own 97.10% of the company’s stock.
Shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) opened at 58.49 on Wednesday. LifePoint Hospitals Inc. has a 52 week low of $54.82 and a 52 week high of $76.39. The company’s 50-day moving average price is $57.46 and its 200 day moving average price is $64.10. The company has a market cap of $2.50 billion, a P/E ratio of 19.48 and a beta of 0.89.
LifePoint Hospitals (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. LifePoint Hospitals had a return on equity of 7.14% and a net margin of 2.08%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities analysts forecast that LifePoint Hospitals Inc. will post $3.51 EPS for the current fiscal year.
Several research firms have recently issued reports on LPNT. Credit Suisse Group AG reiterated a “buy” rating on shares of LifePoint Hospitals in a research note on Tuesday, June 28th. Zacks Investment Research downgraded LifePoint Hospitals from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Mizuho decreased their price target on LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating for the company in a research note on Monday, August 1st. Wedbush reiterated a “neutral” rating and set a $66.00 price target (down previously from $80.00) on shares of LifePoint Hospitals in a research note on Monday, August 1st. Finally, Royal Bank Of Canada decreased their price target on LifePoint Hospitals from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average 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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