Bank of New York Mellon Corp grew its holdings in shares of LifePoint Health Inc (NASDAQ:LPNT) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 526,019 shares of the company’s stock after acquiring an additional 37,958 shares during the period. Bank of New York Mellon Corp owned about 1.36% of LifePoint Health worth $25,669,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd lifted its position in shares of LifePoint Health by 1,897.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,417 shares of the company’s stock worth $114,000 after purchasing an additional 2,296 shares during the last quarter. Bank of Montreal Can bought a new position in shares of LifePoint Health during the second quarter worth about $169,000. Campbell & CO Investment Adviser LLC bought a new position in shares of LifePoint Health during the second quarter worth about $211,000. Verition Fund Management LLC bought a new position in shares of LifePoint Health during the first quarter worth about $224,000. Finally, Alambic Investment Management L.P. bought a new position in shares of LifePoint Health during the first quarter worth about $240,000.
LPNT has been the topic of several research analyst reports. Zacks Investment Research cut shares of LifePoint Health from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Raymond James cut shares of LifePoint Health from an “outperform” rating to a “market perform” rating in a research report on Monday, July 23rd. Credit Suisse Group increased their price target on shares of LifePoint Health from $58.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Robert W. Baird cut shares of LifePoint Health from an “outperform” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research report on Tuesday, July 24th. Finally, BidaskClub cut shares of LifePoint Health from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.73.
Shares of NASDAQ LPNT opened at $64.55 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.63 and a debt-to-equity ratio of 1.27. LifePoint Health Inc has a 52-week low of $41.45 and a 52-week high of $65.35. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.62 and a beta of 0.64.
LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Friday, July 27th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.19. LifePoint Health had a net margin of 0.65% and a return on equity of 7.04%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.96 earnings per share. LifePoint Health’s revenue was down 1.6% on a year-over-year basis. analysts anticipate that LifePoint Health Inc will post 4.63 EPS for the current fiscal year.
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 in the United States. Its hospitals provide a range of medical and surgical services, such as general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation, and pediatric, as well as specialized services, including open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery.
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