Healthinvest Partners Ab Lowers stake in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Healthinvest Partners Ab reduced its stake in LifePoint Health Inc by 26.51% during the most recent quarter end. The investment management company now holds a total of 274,430 shares of LifePoint Health Inc which is valued at $19,994,970 after selling 99,000 shares in LifePoint Health Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.LifePoint Health Inc makes up approximately 8.47% of Healthinvest Partners Ab’s portfolio.

LifePoint Health Inc opened for trading at $72.37 and hit $73.51 on the upside on Friday, eventually ending the session at $72.86, with a gain of 1.01% or 0.73 points. The heightened volatility saw the trading volume jump to 2,34,284 shares. Company has a market cap of $3,143 M.

Other Hedge Funds, Including , First Citizens Bank Trust Co added LPNT to its portfolio by purchasing 4,810 company shares during the most recent quarter which is valued at $350,457. LifePoint Health Inc makes up approx 0.03% of First Citizens Bank Trust Co’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in LPNT in the latest quarter, The investment management firm added 563 additional shares and now holds a total of 19,488 shares of LifePoint Health Inc which is valued at $1,381,115. LifePoint Health Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Acadian Asset Management reduced its stake in LPNT by selling 131,056 shares or 7.99% in the most recent quarter. The Hedge Fund company now holds 1,509,758 shares of LPNT which is valued at $106,996,549. LifePoint Health Inc makes up approx 0.54% of Acadian Asset Management’s portfolio.Weaver C. Barksdale Associates boosted its stake in LPNT in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 330 shares of LifePoint Health Inc which is valued at $22,457. LifePoint Health Inc makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, LifePoint Health Inc reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $1.05. The company had revenue of $1371.00 million for the quarter, compared to analysts expectations of $1385.66 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on LifePoint Health Inc. Shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 84 from a previous price target of $96 .Shares were Reiterated by Mizuho on Feb 16, 2016 to “Neutral” and Lowered the Price Target to $ 59 from a previous price target of $74 .

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.

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