Insider Selling: LifePoint Hospitals CEO Sells 40,000 Shares of Stock (LPNT)
LifePoint Hospitals (NASDAQ:LPNT) CEO William Carpenter III sold 40,000 shares of LifePoint Hospitals stock on the open market in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $51.31, for a total transaction of $2,052,400.00. Following the transaction, the chief executive officer now directly owns 595,873 shares of the company’s stock, valued at approximately $30,574,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on LPNT shares. Analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of LifePoint Hospitals in a research note to investors on Monday. They now have a $49.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of LifePoint Hospitals from $49.00 to $52.00 in a research note to investors on Monday. They now have an “underweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of LifePoint Hospitals in a research note to investors on Monday. They now have a $56.00 price target on the stock, up previously from $55.00. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.79.
Shares of LifePoint Hospitals (NASDAQ:LPNT) traded down 0.08% on Friday, hitting $51.60. The stock had a trading volume of 191,627 shares. LifePoint Hospitals has a 1-year low of $34.72 and a 1-year high of $53.29. The stock’s 50-day moving average is $47.85 and its 200-day moving average is $48.12. The company has a market cap of $2.418 billion and a P/E ratio of 19.12.
LifePoint Hospitals (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.02. The company had revenue of $899.70 million for the quarter, compared to the consensus estimate of $891.30 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that LifePoint Hospitals will post $2.80 earnings per share for the current fiscal year.
LifePoint Hospitals, Inc (NASDAQ:LPNT), through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.