Insider Selling: LifePoint Hospitals CFO Unloads 100,000 Shares of Stock (LPNT)
LifePoint Hospitals (NASDAQ:LPNT) CFO Leif M. Murphy sold 100,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $72.03, for a total transaction of $7,203,000.00. Following the sale, the chief financial officer now directly owns 20,624 shares in the company, valued at approximately $1,485,547. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of LifePoint Hospitals in a research note on Monday. They now have a $81.00 price target on the stock, up previously from $64.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of LifePoint Hospitals from $65.00 to $76.00 in a research note on Monday. Finally, analysts at Barclays raised their price target on shares of LifePoint Hospitals from $59.00 to $69.00 in a research note on Monday. They now have an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $70.21.
LifePoint Hospitals (NASDAQ:LPNT) traded down 1.17% on Friday, hitting $70.88. 682,785 shares of the company’s stock traded hands. LifePoint Hospitals has a one year low of $43.97 and a one year high of $76.30. The stock’s 50-day moving average is $64.85 and its 200-day moving average is $57.71. The company has a market cap of $3.200 billion and a P/E ratio of 23.60.
LifePoint Hospitals (NASDAQ:LPNT) last announced its earnings results on Friday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.29. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that LifePoint Hospitals will post $3.08 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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