Americafirst Capital Management buys $2,154,431 stake in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Americafirst Capital Management scooped up 8,434 additional shares in LifePoint Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 32,505 shares of LifePoint Health Inc which is valued at $2,154,431.LifePoint Health Inc makes up approximately 1.49% of Americafirst Capital Management’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in LPNT by selling 91 shares or 11.22% in the most recent quarter. The Hedge Fund company now holds 720 shares of LPNT which is valued at $48,031.

LifePoint Health Inc opened for trading at $65.92 and hit $66.59 on the upside on Wednesday, eventually ending the session at $66.28, with a gain of 0.87% or 0.57 points. The heightened volatility saw the trading volume jump to 3,25,810 shares. Company has a market cap of $2,878 M.

On the company’s financial health, LifePoint Health Inc reported $0.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.88. The company had revenue of $1580.70 million for the quarter, compared to analysts expectations of $1566.15 million. The company’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on LifePoint Health Inc. Shares were Reiterated by Barclays on May 2, 2016 to “Underweight” and Lowered the Price Target to $ 70 from a previous price target of $74 .Company shares were Reiterated by Mizuho on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 61.50 from a previous price target of $59.40 .

LifePoint Health Inc. formerly LifePoint Hospitals Inc. provides healthcare services. Through its subsidiaries the Company operates general acute care hospitals primarily in non-urban communities in the United States. Its hospitals provide a range of medical and surgical services in hospitals in non-urban markets. The Company’s services include general surgery internal medicine obstetrics emergency room care radiology oncology diagnostic care coronary care rehabilitation services and pediatric services. In some of its hospitals the Company offers services such as open-heart surgery skilled nursing psychiatric care and neuro-surgery. LifePoint provides outpatient services such as same-day surgery laboratory x-ray respiratory therapy imaging sports medicine and lithotripsy. The Company operates approximately 67 hospital campuses in 21 states having a total of approximately 8254 licensed beds.

Leave a Reply

LifePoint Health Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on LifePoint Health Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.