Short Interest in LifePoint Hospitals Declines By 47.1% (LPNT)
Shares of LifePoint Hospitals (NASDAQ:LPNT) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,220,858 shares, a decline of 47.1% from the April 30th total of 4,200,391 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 1,209,464 shares, the days-to-cover ratio is currently 1.8 days. Approximately 5.1% of the company’s shares are short sold.
LPNT has been the subject of a number of recent research reports. Analysts at Mizuho upgraded shares of LifePoint Hospitals from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $72.00 price target on the stock, up previously from $58.00. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of LifePoint Hospitals in a research note on Monday, April 28th. They now have a $58.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of LifePoint Hospitals from $59.00 to $62.00 in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $60.86.
LifePoint Hospitals (NASDAQ:LPNT) opened at 61.23 on Tuesday. LifePoint Hospitals has a 52-week low of $43.97 and a 52-week high of $63.07. The stock’s 50-day moving average is $56.84 and its 200-day moving average is $53.79. The company has a market cap of $2.723 billion and a price-to-earnings ratio of 22.04.
LifePoint Hospitals (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that LifePoint Hospitals will post $2.70 EPS 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.
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