Gamco Investors INC. ET AL bought a new stake in shares of LifePoint Health Inc (NASDAQ:LPNT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 157,220 shares of the company’s stock, valued at approximately $10,125,000. Gamco Investors INC. ET AL owned approximately 0.41% of LifePoint Health as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in LifePoint Health by 0.6% during the first quarter. Principal Financial Group Inc. now owns 169,513 shares of the company’s stock valued at $7,967,000 after purchasing an additional 961 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in LifePoint Health during the second quarter valued at $211,000. Bank of Montreal Can bought a new position in LifePoint Health during the second quarter valued at $169,000. James Investment Research Inc. bought a new position in LifePoint Health during the second quarter valued at $1,778,000. Finally, Acadian Asset Management LLC bought a new position in LifePoint Health during the second quarter valued at $263,000.
Several equities analysts have commented on LPNT shares. ValuEngine upgraded shares of LifePoint Health from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. William Blair reiterated a “hold” rating on shares of LifePoint Health in a research report on Friday, August 17th. BidaskClub upgraded shares of LifePoint Health from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Zacks Investment Research upgraded shares of LifePoint Health from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a report on Wednesday, October 10th. Finally, BMO Capital Markets raised their target price on shares of LifePoint Health from $62.00 to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $59.54.
LifePoint Health stock opened at $64.88 on Friday. The stock has a market capitalization of $2.52 billion, a PE ratio of 14.43, a PEG ratio of 1.74 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.85 and a quick ratio of 1.63. LifePoint Health Inc has a 12-month low of $41.45 and a 12-month high of $65.35.
LifePoint Health (NASDAQ:LPNT) last released its earnings results on Friday, October 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.25. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. LifePoint Health had a net margin of 0.59% and a return on equity of 7.80%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS. Research analysts forecast that LifePoint Health Inc will post 4.62 EPS for the current year.
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LifePoint Health Company Profile
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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