Dimensional Fund Advisors LP Has $221.97 Million Position in LifePoint Health Inc (LPNT)

Dimensional Fund Advisors LP raised its stake in shares of LifePoint Health Inc (NASDAQ:LPNT) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 3,388,830 shares of the company’s stock after buying an additional 18,327 shares during the period. Dimensional Fund Advisors LP owned 0.08% of LifePoint Health worth $221,969,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in LifePoint Health by 3.8% in the first quarter. Vanguard Group Inc. now owns 3,266,963 shares of the company’s stock valued at $213,986,000 after buying an additional 120,201 shares during the last quarter. Wellington Management Group LLP raised its stake in LifePoint Health by 5.5% in the first quarter. Wellington Management Group LLP now owns 3,257,272 shares of the company’s stock valued at $213,351,000 after buying an additional 168,451 shares during the last quarter. Alliancebernstein L.P. raised its stake in LifePoint Health by 4.2% in the first quarter. Alliancebernstein L.P. now owns 1,725,943 shares of the company’s stock valued at $113,049,000 after buying an additional 68,886 shares during the last quarter. Letko Brosseau & Associates Inc. raised its stake in LifePoint Health by 38.1% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 1,386,589 shares of the company’s stock valued at $78,758,000 after buying an additional 382,785 shares during the last quarter. Finally, LSV Asset Management raised its stake in LifePoint Health by 56.0% in the first quarter. LSV Asset Management now owns 1,087,088 shares of the company’s stock valued at $71,204,000 after buying an additional 390,015 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for LifePoint Health (NASDAQ:LPNT)

LifePoint Health Inc (NASDAQ LPNT) traded up 0.95% on Friday, hitting $63.65. 403,504 shares of the stock traded hands. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 16.79 and a beta of 0.87. The firm’s 50 day moving average is $61.94 and its 200 day moving average is $60.98. LifePoint Health Inc has a 52 week low of $50.60 and a 52 week high of $70.95.

LifePoint Health (NASDAQ:LPNT) last announced its quarterly earnings results on Friday, April 28th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. LifePoint Health had a net margin of 1.93% and a return on equity of 7.02%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Equities analysts anticipate that LifePoint Health Inc will post $4.19 earnings per share for the current year.

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Several equities research analysts recently issued reports on LPNT shares. Barclays PLC lifted their price objective on shares of LifePoint Health from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Morgan Stanley started coverage on shares of LifePoint Health in a research note on Tuesday. They issued an “equal weight” rating and a $65.00 price objective for the company. Mizuho lifted their price objective on shares of LifePoint Health from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, March 27th. Deutsche Bank AG began coverage on shares of LifePoint Health in a research note on Tuesday, April 4th. They issued a “hold” rating and a $68.00 price objective for the company. Finally, TheStreet raised shares of LifePoint Health from a “c+” rating to a “b-” rating in a research report on Monday, March 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. LifePoint Health has an average rating of “Hold” and a consensus target price of $65.46.

In other news, Director Richard H. Evans sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $62.88, for a total transaction of $125,760.00. Following the completion of the sale, the director now owns 17,718 shares in the company, valued at approximately $1,114,107.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John P. Bumpus sold 33,333 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $65.00, for a total transaction of $2,166,645.00. Following the sale, the executive vice president now owns 143,829 shares of the company’s stock, valued at approximately $9,348,885. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,133 shares of company stock valued at $3,462,141. 7.28% of the stock is currently owned by corporate insiders.

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. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LPNT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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