LifePoint Health Inc (LPNT) : Reservoir Operations reduced its stake in LifePoint Health Inc by 6.51% during the most recent quarter end. The investment management company now holds a total of 118,919 shares of LifePoint Health Inc which is valued at $7,803,465 after selling 8,282 shares in LifePoint Health Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.LifePoint Health Inc makes up approximately 5.19% of Reservoir Operations’s portfolio.
Other Hedge Funds, Including , Ftb Advisors added LPNT to its portfolio by purchasing 66 company shares during the most recent quarter which is valued at $4,331.Teachers Advisors Inc boosted its stake in LPNT in the latest quarter, The investment management firm added 5,135 additional shares and now holds a total of 186,097 shares of LifePoint Health Inc which is valued at $12,353,119. LifePoint Health Inc makes up approx 0.02% of Teachers Advisors Inc’s portfolio. Monarch Partners Asset Management added LPNT to its portfolio by purchasing 54,290 company shares during the most recent quarter which is valued at $3,603,770. LifePoint Health Inc makes up approx 0.37% of Monarch Partners Asset Management’s portfolio.Clarivest Asset Management reduced its stake in LPNT by selling 18,403 shares or 38.09% in the most recent quarter. The Hedge Fund company now holds 29,917 shares of LPNT which is valued at $2,021,193. LifePoint Health Inc makes up approx 0.06% of Clarivest Asset Management’s portfolio.
LifePoint Health Inc opened for trading at $64.93 and hit $66.02 on the upside on Friday, eventually ending the session at $65.62, with a gain of 0.46% or 0.3 points. The heightened volatility saw the trading volume jump to 4,29,921 shares. Company has a market cap of $2,849 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 .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 .
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.