Russell Investments Group Ltd. lessened its holdings in shares of LifePoint Health Inc (NASDAQ:LPNT) by 67.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,416 shares of the company’s stock after selling 45,510 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of LifePoint Health worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in LPNT. BlackRock Inc. raised its holdings in shares of LifePoint Health by 29.9% during the second quarter. BlackRock Inc. now owns 4,474,205 shares of the company’s stock valued at $218,340,000 after acquiring an additional 1,030,415 shares in the last quarter. Northern Trust Corp raised its holdings in LifePoint Health by 65.5% in the second quarter. Northern Trust Corp now owns 569,724 shares of the company’s stock worth $27,802,000 after purchasing an additional 225,428 shares in the last quarter. SG Americas Securities LLC raised its holdings in LifePoint Health by 3,244.5% in the second quarter. SG Americas Securities LLC now owns 207,294 shares of the company’s stock worth $10,116,000 after purchasing an additional 201,096 shares in the last quarter. Kassirer Asset Management Corp bought a new position in LifePoint Health in the third quarter worth $6,946,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in LifePoint Health in the third quarter worth $5,639,000. Institutional investors own 94.63% of the company’s stock.
Shares of NASDAQ:LPNT opened at $64.99 on Friday. LifePoint Health Inc has a 1-year low of $41.45 and a 1-year high of $65.35. The company has a quick ratio of 1.63, a current ratio of 1.85 and a debt-to-equity ratio of 1.22. The firm has a market cap of $2.52 billion, a PE ratio of 17.90, a P/E/G ratio of 1.73 and a beta of 0.51.
LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings results on Friday, October 26th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.25. LifePoint Health had a return on equity of 7.80% and a net margin of 0.59%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.80 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that LifePoint Health Inc will post 4.64 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. BidaskClub downgraded LifePoint Health from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research downgraded LifePoint Health from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, William Blair reiterated a “hold” rating on shares of LifePoint Health in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.54.
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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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